Home / News / REO / Fannie Mae Streamlines Expense Processes
Print This Post Print This Post

Fannie Mae Streamlines Expense Processes

"Fannie Mae":http://www.fanniemae.com will begin using the HomeTracker Lender Center software to track property preservation efforts conducted by Fannie Mae mortgage servicers.
The software, created by Dallas, Texas-based "HomeTelos":http://www.hometelos.com/, will allow Fannie Mae to streamline the approval process servicers use to make requests for property preservation expenses by created standardized rules and processes for all user requests. It also keeps a complete history of requests for better record keeping.
According to HomeTelos, since the Web-based software was created in 2003, it has been used to process 300,000 property preservation determinations and has reduced the re-submission rate of requests on average from 87 percent to 17 percent, and decreased the response time for property preservation requests from 10 days to two.

About Author: Austin Kilgore

x

Check Also

FHFA Releases Annual Update on Conservatorship and Securities

The report makes recommendations to Congress about potential legislation to enhance the safety and soundness of the regulated entities and move our nation toward a stronger, more resilient housing finance system. 

Your Daily Dose of DS News

Get the news you need, when you need it. Subscribe to the Daily Dose of DS News to receive each day’s most important default servicing news and market information, absolutely free of charge.