Fannie Mae Upgrades Invoicing Process for Servicers
May 5, 2017
Fannie Mae introduced a few changes to its LoanSphere Invoicing system that went into effect at the end of April. Servicers use LoanSphere to submit qualified expenses associated with Fannie loans to be reimbursed. Among the updates are specific changes to the form’s line items that were designed to make submitting invoices easier. For instance, prior to the change, when creating a claim, servicers could select previously invoiced line items and add them to the claim if the line item is a Fannie-designated claim line item. However, the enhancement includes a new screen which enables servicer administrators to map invoice line items to a Fannie designated claim line item.
Is Onity Group eyeing a sale? Perhaps. And why not? Servicing values are approaching a 25-year high.
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