Asset Management Network
Important: AMN job aid for COVID-19
Fannie Mae Lender Letter LL-2020-02 extends the availability of the forbearance mortgage loan modifications to borrowers impacted by COVID-19. Review the new job aid for reporting COVID-19 related forbearance as part of reporting a delinquent mortgage loan to Fannie Mae.
Designed for mortgage servicers and vendors, Fannie Mae’s Asset Management Network (AMN) application features tools for submission of Fannie Mae loss mitigation workout cases via the Internet. AMN also enables servicers and vendors to report delinquencies each month, as well as submit REO Notifications per Servicing Policy.
HSSN Retirement Preparedness
Effective December 31, 2020, Fannie Mae will retire the loan workout reporting and related functionality in HomeSaver Solutions Network (HSSN). As a part of Simplifying Servicing, HSSN functionality is being transitioned to Fannie Mae’s Servicing Management Default Underwriter™ (SMDU), SMDU User Interface (UI), and SMDU Case Management for all workout reporting processes. We encourage servicers currently using HSSN to fully transition this activity to SMDU prior to December 31, 2020.
Features
- Enables mortgage servicers to submit Fannie Mae loss mitigation workout cases online
- Allows monthly reporting submissions via Delinquency Reporting
- Enables loan servicers and REO vendors to submit and report REOGrams® through REO Notifications.
