Applications & Technology

Servicing Execution Tool

Execute a concurrent sale of servicing when you sell whole loans direct to Fannie Mae

Use Servicing Execution Tool (SET) in Pricing & Execution – Whole Loan® to access upfront pricing via a blind auction of the servicers’ servicing released premium (SRP) bids and receive all-in funding for the loan and servicing rights. Plus, all loans are bifurcated – selling representations and warrants stay with the seller.

Servicing Execution Tool Availability

Every day, 24 hours a day, except from 6 a.m. to 6.30 a.m. ET daily and from 1 a.m. to 5 a.m. ET Sunday, and from 1 a.m. to 11 a.m. ET every third Sunday due to maintenance.

All Technology Application Availability
SET Servicing Transfer Instructions
Features
  • Sell direct to Fannie Mae
  • Choose best efforts or mandatory executions
  • Loan-specific pricing and committing
  • A single, standard servicing Purchase and Sale Agreement allows sellers to easily do business with multiple servicers
  • Upfront pricing of loan and SRP
Benefits
  • All-in funding for your loan (including SRP and escrow transfers) within 48 hours of delivery
  • Simple, streamlined SRP comparison and execution analysis
  • Commit a single loan or multiple loans at once for easy pipeline management
  • Multiple servicers compete for sellers’ business
  • Make product, note rate, and commitment changes throughout the process
Access
  • Once approved, available in Pricing & Execution – Whole Loan
  • Easy-to-use interface