Details Emerge for Fannie Mae Grading System Servicers

Fannie Mae released more details of its new mortgage servicer evaluation program Wednesday afternoon, ultimately laying out plans to align the grades with compensation.

The government-sponsored enterprise announced Wednesday at the Mortgage Bankers Association Servicing conference its new two-part Servicer Total Achievement and Rewards (STAR) program. The system is designed to both improve servicing practices for Fannie Mae borrowers and reward servicers that do their job well.

For full article, click [HERE]| HousingWire

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