Fannie Looks to Introduce New Features to Servicing Marketplace
April 13, 2018
The Servicing Marketplace launched last year by Fannie Mae has had a good response so far. It was created to connect servicers and sellers during transfers, and there are already talks of enhancements in the near future.The program was in a pilot phase for the bulk of 2017, officially kicking off in December. The GSE designed the platform to support co-issue transactions, bringing sellers and servicers together to deliver pricing certainty and transparency, as well as efficiency. Loans delivered under whole loan servicing-released commitments taken on or after Dec. 4, 2017, are bifurcated if sellers participate in Fannie’s servicing execution tool or the servicing marketplace.