Servicer Expense Reimbursement
Fannie Mae reimburses servicers for capitalized advances on loan modifications and will pay workout incentives. Beginning mid-2023, this automated process will transition into Property 360™.
Review the Servicer Expense Reimbursement Job Aid
Fannie Mae’s Servicer Expense Reimbursement team offers fast and efficient reimbursement of expenses incurred while servicing Fannie Mae loans.
Our streamlined Expense Straight Through Processing capability enables mortgage servicers to:
- Lower cost and effort when submitting claims by eliminating documentation requirements.
- Minimize/eliminate the need for rework with ‘one-and-done’ claims reimbursement.
- Reduce cycle times and reject rates with increased automation We also provide a suite of tools to track and resolve issues related to expense reimbursement claims.
Property 360 Bulk Claims and Single Claim Submissions
In addition to bulk claim uploads, servicers can now submit single claim reimbursement requests directly to Fannie Mae through Property 360™ with automatic decisioning and manual claims review.
Benefits:
- No-cost solution for all servicers
- All-in-one claims reimbursement solution
- Proactive feedback on potential denials and payment audits
- Reduction in reimbursement timelines
Read the Release Notes to learn more and use the Expense Reimbursement Property 360 Onboarding Checklist to get started. Please submit an inquiry if you need any additional assistance regarding expenses or the system.
Expense Straight Through Processing
Expense Straight Through Processing is Fannie Mae’s claims reimbursement process requiring less documentation than ever before.
Expense Reimbursement Inquiries
- Questions related to expenses? You can access the Inquiry Response Tool to submit and track inquiries related to expense reimbursement claims that may be denied, curtailed, or pending. Or, you can obtain guidance for unclear instructions related to a claim submission or system issue.
Launch Tool
Post Payment Documentation for Expense Reimbursements
- Use the Post Payment Document Request Portal to receive requests for supplemental expense reimbursement information, such as dates or supporting documents. Respond to information requests, and upload the requested documentation.
- RES-Post Payment Documentation Request Portal Job Aid
- FAQs | RES-Post Payment Documentation Request Portal
Launch App
Fannie Mae Invoicing
- Fannie Mae Invoicing provides access to consolidated loan-level invoices, simple resolution of claims, and the ability to add and retrieve documentation.
Launch App
Release Notes
- Property 360 Release Notes | Dec. 15, 2022
- Property 360 Release Notes | Dec. 1, 2022
- Property 360 Release Notes | Sept. 29, 2022
- Property 360 Release Notes | Sept. 14, 2022
- Property 360 Release Notes | July 26, 2022
- Property 360 Release Notes | June 22, 2022
- Property 360 Release Notes | June 8, 2022
- Property 360 Release Notes | May 18, 2022
- Property 360 Release Notes | May 4, 2022
