Home / News / Foreclosure / RoundPoint Adopts Fannie Mae’s SMDU Platform
Print This Post Print This Post

RoundPoint Adopts Fannie Mae’s SMDU Platform

""RoundPoint Mortgage Servicing Corporation"":https://www.rpmservicing.com/ announced the adoption of a Fannie Mae tool designed to help servicers work faster when assisting borrowers with foreclosure prevent efforts.


Fannie Mae's Servicing Management Default Underwriter (SMDU) tool is a technology platform that provides real-time decisions on mortgage loan modifications and other solutions for struggling homeowners. The tool also enables workout decisions based on Fannie Mae and Servicing Alignment Initiative guidelines by integrating with existing loss mitigation systems.

The broad release of SMDU tool was first ""announced"":http://dsnews.comarticles/fannie-mae-introduces-tool-to-improve-foreclosure-prevention-efforts-2013-05-07 in early May and has been adopted by several other servicers.

Through the tool, RoundPoint can offer customers a more comprehensive set of workout options while ensuring compliance to GSE guidelines, the Charlotte, North Carolina-based servicer said in a release.

Additionally, SMDU can also shortens timeframes during the borrower evaluation process, which allows RoundPoint to communicate decisions to customers faster.

""The RoundPoint customer experience has greatly improved since adopting this platform,"" said Dave Worrall, president of RoundPoint. ""Our customers desire more options and expect immediate decisions, and the SMDU tool allows us to deliver both.""

About Author: Esther Cho


Check Also

New York HPD Tracks Over 3K ‘Zombie Homes’

Through a new program, the NYC Housing Preservation and Development has formed a team to track down zombie homes in the Big Apple and find ways to address the problem.


Featuring daily updates on foreclosure, REO, and the secondary market, DS News has the timely and relevant content you need to stay at the top of your game. Get each day’s most important default servicing news and market information delivered directly to your inbox, complimentary, when you subscribe.