When providing exterior door replacement, ensure door fits properly and is adjusted and seals to prevent water from leaking in. Visit Selling and Servicing Guide Communications and Forms. & Insights, Pricing & As indicated in the Fannie Mae Single-Family Servicing Guide, Part VIII, Chapter 1, Section 106, throughout the foreclosure process the servicer is responsible for performing all property maintenance Exceptions where plywood may be acceptable: Severely fire damaged or pre-demolition properties. Once any pool/hot tub/spa is covered, the servicer must continue to remove water, leaves and debris from the cover. Do not leave on the ground. Photo shows completed lock change;however old lockset must be placed in a kitchen drawer. Obtaining Access to the Inspection and Preservation Program Property 360 User Interface Only one lock is to be changed on main dwellings for access. Replace exterior doors using the Repair / ReplaceExterior Door Allowable. Note: Registering in ProcureOne does not guarantee assignment; nor does it guarantee the right to participate in an RFx. The requirements for each type of vendor will vary based on the services needed by HomeSteps, but generally include: Proof of valid license (s), as required by federal, state or local laws. %PDF-1.6 % The garage is collapsing, fire damaged, or too unstable to repair AND is a detached structure. Submit bids to demolish the detached structure. Our goal is for the servicer to provide services to maintain each property to a level of Fannie Mae quality and to adhere to local codes and requirements. This includes making sure that no apparent violations of applicable law are occurring on the property (such as violations of laws relating to illegal narcotics and similar substances) and that the property is protected against vandals and the elements. Use of roof tarps/non-polypropylene material as a cover on below ground pools is strictly prohibited by Fannie Mae. The servicer should determine the appropriate strategy. Refer to Section 2: Technology and Photos within this Property Preservation Guide for bid submission guidelines. Suppliers support our business by fostering innovation, mitigating risk, and measuring results. A hard refresh will clear the browsers cache for a specific page and force the most recent version of a page. Introduction to Fannie Mae Property Preservation, Property Preservation Matrix and Reference Guide Overview, Servicer/Property Preservation Vendor Expectations. The servicer must ensure all access points are secure upon leaving the property. Refer to. The use of non-approved sheeting such as Acrylic and/or Plexiglas is strictly prohibited. Deliver timely and accurate goods and services. Cover pool/hot tub/spa as required. Provide the highest possible standards of business ethics and professional courtesy. Refer toSection 2: Technology and Photos within this Property Preservation Guide for bid submission details. Keep the Property Preservation Guide readily available as a reference tool. feel free to email. The servicer and/or the servicers vendor must provide any documents and/or additional information as requested by Fannie Mae within seven (7) calendar days of such request. Clear Boarding material is not immediately available and reglazing/repairing the window is not an option. third-party property inspection vendors. Events, How to do a hard refresh in Internet Explorer. Execution, Learning Property Preservation Matrix and Reference Guide . The list below is a comprehensive view of all integrated and non-integrated companies across Single Family. The property has a sliding glass door and the glass needs to be reglazed. All lock changes include the removal and replacement of the lock which includes the deadbolt, should there be one present. In most cases this should not be more than one cubic yard. Contractor Law Summary Indiana Contractor Law Summary For Property Preservation Vendors This document contains a summary of the mechanic's lien laws for the state of Indiana. Guide Money. Repairs are made to the door jamb of a door allowing access to the interior of the property or to a detached structure. endstream endobj 177 0 obj <. Find more information about our supplier diversity program here. Look here to see what we purchase and our minimum supplier qualifications. View details. 204 0 obj <>/Filter/FlateDecode/ID[<607CCD9D00D813429F74541578CA4EA1>]/Index[176 52]/Info 175 0 R/Length 127/Prev 163122/Root 177 0 R/Size 228/Type/XRef/W[1 3 1]>>stream The table below provides references to recently issued Announcements that are related to this topic. If the servicer utilizes a lockbox, Fannie Mae will reimburse the servicer within the Padlock/Hasp and Padlock Allowable expense line without prior approval. The Exterior Door Allowable must be used to repair/replace missing or inoperable exterior doors including installation of a door jamb and hinge protection product to secure the interior of the main dwelling or detached structure. Any property may be subject to audit. Refer to theExterior Debris Removalwithin this section for further details. Utilize the Boarding Allowable(s) to plywood board any unsecured openings including window openings. SecureView and InvisiBoard are the preferred option and source for clear boarding materials and installation methods. Plated lock holes and hasp locks are not acceptable at any time. Submit bids to demolish the detached structure. All Resources to Manage Financial Uncertainty, All Resources for Recovering from a Disaster. Launch Missing or inoperable doors must be replaced using the Repair / Replace Exterior Door / Door Jamb Allowables. Refer to the, How to do a hard refresh in Internet Explorer. The Repair / Replace Window Allowable can be utilized to reglaze a window or repair any portion of the window (except the lock) in order to secure the property. The Google Translate feature is a third-party service that is available for informational purposes only. Part F Servicing Guide Procedures . Use of wood material is not an acceptable bracing method. Install Clear Boarding within three (3) calendar days from discovery of the unsecured window opening. Refer to Exterior Debris Removalwithin this section for further details. When the cost to complete property preservation work will exceed the Fannie Mae allowable, the servicer must submit the request via HomeTracker. This must be done regardless of any work performed on the door or door jamb. At Fannie Mae, we foster relationships with suppliers of unyielding integrity and solid business practices who provide our company with quality products and services for excellent value. Refer to Clear Boarding within this section for further details on necessary additional securing measures. Property Preservation Matrix and Reference Guide. Fannie Mae is committed to equal contracting opportunity. In the rare instance either repair or replacement cannot be completed within the applicable allowable, a bid must be submitted. Center, Apps a borrower selects the three-month transition or twelve-month lease. The Gate Repair Allowable must be used to repair and/or replace unsecured gates. The servicer must follow only Fannie Mae approved installation methods for clear boarding. Do not discard. Refer to, Detached structures must be secured. To obtain the Fannie Mae discounted price for the PremiumReport by EagleView, visit www.eagleview.com. Ask Poli for Servicers. It is the servicers discretion to either cover or dismantle and move the above ground pool to a secured outbuilding or garage. Fannie Mae publishes selectcontracting opportunitiesas part of our efforts to encourage broad participation and bid submission by interested vendors/suppliers. to obtain more information about responding to a contracting opportunity with Fannie Mae. Fannie Mae reserves the right to pursue remedies per the Fannie Mae Servicing Guide when the servicer has not met the required timeframes or the work is deficient. All other material must be demonstrated in the field and approved by Fannie Mae prior to use. Effective Date: 12/15/10 . Number of employees assigned to this work. Fannie Mae prohibits reprisal or retaliation against any individual who reports or files a complaint relating to discrimination in the contracting process, or who participates in or cooperates with an investigation into such allegation (s). Submit bids to repair or replace the door, whichever is most cost effective. All Resources to Manage Financial Uncertainty, All Resources for Recovering from a Disaster. Headquartered in NM, their main operations consist of property preservation services. Fannie Mae customers! Refer to the, Remove any remaining debris. I. Employment/Personal Business Opportunities with Certain Fannie Mae Employees. Ask Poli for Servicers. For more information, see Servicing Guide A4-1-01: Staffing Training, Procedures, and Quality Control Requirements. Home / Expense Reimbursement-Ops 0 Examples of detached structures include a shed, garage, or barn. Regardless of fence/lanai/gate being present, pools must be covered using the Pool Cover Allowable. The Door Armor MAX Combo (door jamb and door hinge protection) and the Door Armor MINI Combo (door jamb protection) are the two approved products made by Armor Concepts. Unless otherwise stated, the Property Preservation Guide applies to vacant properties securing delinquent loans. Find the most qualified property preservation vendors, contractors and sub-contractors. The overhead garage door cannot be repaired within the allowable. All detached structures must be secured with existing locks when possible or by adding a padlock. Primary owner name. For a comprehensive list of resources such as access forms, announcements, lender letters, notices and more. Interested in providing products or services to Fannie Mae? The servicer must follow the procedures in Requesting Fannie Mae Approval for Property Preservation and Maintenance in F-1-08, Managing Foreclosure Proceedings, for detailed instructions for submitting a request when it does not have access to HomeTracker. Replace the exterior door with exterior door rated materials and install a door jamb and door hinge protection product. NM, NM Message this company Headquarters Location Report this profile as outdated or incorrect Preservation & Mortgage Field Services Job Board Latest jobs: hb```g``AX,3~i``xQ8%8e4HDGGHH5SX:biH(? =69Ww Vnp NFR contractors across the nation perform field services with integrity and professionalism. The entire door is missing or irreparable on a detached structure. Fannie Mae partners with technology and industry vendors across the mortgage lifecycle to enable mutual customers access to our suite of solutions. 227 0 obj <>stream The servicer must. Workers Compensation Insurance, $500,000 minimum. Fannie Mae expects properties to remain secure while the property is delinquent and vacant. Exception:The servicer may utilize the Security Door Allowable to place a security door on the property when the exterior door cannot be replaced within the Exterior Door / Door Jamb Allowable(s) and the existing door cannot be secured with additional hardware (i.e., padlock and hasp) while waiting for approval of an over allowable bid. Instructions Form Section I - Loan and Contact Information Servicer Name: Date of Request: Servicer Contact Person: Telephone Number: Property Preservation Vendor: Category Quantity Total Lawn Maintenance Doors Garage Windows Roof Repair Utilities Water Electric Unit Cost lm_ilc_desc lm_ilc_uc lm_ilc_quan lm_ilc_tot lm_pc_desc lm_pc_uc lm_pc_quan We are also licensed Certified Building and Roofing Contractors. The entire fence is missing or has fallen over and CANNOT be repaired/replaced within the allowable, AND a pool/hot tub/spa is NOT present, AND local ordinance/association DOES require fencing. To see other sub-topics for Section 5: Initial Securing and Initial Services, please click on any of the topics below: Section 5: Initial Securing and Initial Services: Overview, Section 5: Initial Securing and Initial Services: Initial Services: Property Exterior, Section 5: Initial Securing and Initial Services: Initial Services: Property Interior, Section 5: Initial Securing and Initial Services: Identifying Property Conditions. This Property Preservation Guide also provides further information and expectations of services required by Fannie Mae and helps define items that may be unclear. In the rare instance either repair or replacement cannot be completed within the applicable allowable, a bid must be submitted. Strictly adhere to all Fannie Mae processes and procedures to ensure smooth transactions. If there is doubt about the condition of the outbuilding, the servicer must submit bids for the servicers preferred action to Fannie Mae via HomeTracker. If you have additional questions, Fannie Mae customers can visit Ask Poli to get If you still have Technical Support questions, feel free to email. This Property Preservation Matrix and Reference Guide (Property Preservation Guide) is incorporated by reference into the Fannie Mae Servicing Guide and provides servicers with Fannie Maes expectations on how to preserve and protect properties. Lockbox should be placed on the secondary door so as to not interfere with any realtor lockbox. Having Issues with Seeing this Page Correctly? Refer to, Remove any remaining debris and submit a bid to repair/replace the fence/gate/lanai. Vendor Management process of the Document Custodian if you use a vendor for Fannie Mae original documents that includes the oversight and interactions with your chosen vendor. To be eligible for reimbursement of either escrow or corporate advances from Fannie Mae, advances must be. Helping lenders serve homebuyers and homeowners with affordable mortgages, Financing for quality, affordable rental housing in every market, every day, Reducing risk and enhancing housing finance liquidity. Part E Default-Related Legal Services, Bankruptcy, Foreclosure Proceedings, and Acquired Properties. That's why we have established servicer guidelines for property preservation services constant to default process. Refer to Section 2: Technology and Photos within this Property Preservation Guide for bid submission guidelines. Property Preservation Matrix . Installation must not cause damage to the property. Ask Poli features exclusive Q&As and moreplus official Selling & Servicing Guide content. When the cost to complete property preservation work will exceed the Fannie Mae allowable, the servicer must submit the request via HomeTracker. Launch Ask Poli for Servicers . Having Issues with Seeing this Page Correctly? Click here to find our current contracting bid opportunities. Fannie Mae prohibits reprisal or retaliation against any individual who reports or files a complaint relating to discrimination in the contracting process, or who participates in or cooperates with an investigation into such allegation(s). Alockbox should be installedat the property where possible. version of a page. The preferred method is to repair the door and/or door jamb when possible, in a manner that is consistent with pre-damage condition. Refer toSection 2: Technology and Photos within this Property Preservation Guide for bid submission details. If the servicer is unable to cover a pool within the allowable, the servicer must submit an over allowable bid via HomeTracker. Alternative Material: Alternative polycarbonate material option of 3/16th (.1875) inch sheets is an approved material option. Refer to Yard Services within this section for further details. All Resources to Manage Financial Uncertainty, All Resources for Recovering from a Disaster. The area around the structure is to be clear of vegetation and debris, Replace exterior doors using the Repair / ReplaceExterior Door Allowable. Ask Poli features exclusive Q&As and moreplus official Selling & Servicing Guide content. Reglazing is replacing the glass within the window frame. Property Vendors is the largest job board on the web (with 10,000+ monthly users) . General Liability Insurance coverage, $1,000,000 minimum. Any exterior doors allowing access to the interior of the property are missing. Servicer Expense Reimbursement Job Assistance (06/01/2023) Expense . Find property preservation & mortgage field services jobs across the country. Fannie Mae requires that servicers preserve both the interior and the exterior of vacant properties securing delinquent loans year-round. Within this Property Preservation Guide, all required services and expectations will be provided as they correspond to the associated allowable. Fannie Mae provides the servicer with allowable thresholds in order to perform routine maintenance, preservation, and repairs. Bids must include a copy of the local ordinance/association standards. 176 0 obj <> endobj A4-1-01: Staffing Training, Procedures, and Quality Control Requirements, How to do a hard refresh in Internet Explorer. In the event the allowable has already been used; refer to, Clear board all windows on the main level of the property only and also where access can be gained on other levels. Learn about our contracting opportunities within our ProcureOne system. Selling Guide, A1-1-01: Application and Approval of Seller/Servicer Process Management Operational Risk Management . Refer toSection 2: Technology and Photos within this Property Preservation Guide for bid submission details. We consistently receive phone calls from Brokers and Agents in the REO industry asking if we are a SAM vendor for Fannie Mae. All other installation/bracing methods and/or material must be approved by Fannie Mae prior to use. The property had broken window(s) and the servicer chose to reglaze/repair and later any window breaks. General Resources. For a comprehensive list of resources such as access forms, announcements, lender letters, notices and more. for which the servicer receives a direct benefit for Fannie Mae mortgage loans or acquired properties that is not . Fannie Mae (the Federal National Mortgage Association or FNMA) is a government-sponsored enterprise (GSE) established in 1938 to expand the liquidity of home mortgages by creating a secondary . Cost, number of windows, likelihood of additional breaks, etc. Is your company a good fit? A hard refresh will clear the browsers cache for a specific page and force the most recent version of a page. The servicer must follow the procedures in Requesting Fannie Mae Approval for Property Preservation and Maintenance in F-1-08, Managing Foreclosure Proceedings , for detailed instructions for . endstream endobj startxref In Hawaii and Florida, the price doubles. Get answers to your policy and guide questions, straight from the source. In previous guidance, a. I8`8?l'o|o e\Y)H3$ qH3Oc`Q` (z Minimize Fannie Mae's exposure to potential property damage and liability and/or code violations. Refer to Section 2: Technology and Photos within this Property Preservation Guide for bid submission details. The servicer is required to maintain the interior and the exterior of the property year-round. Visit Selling and Servicing Guide Communications and Forms. The list below is a comprehensive view of all integrated and non-integrated companies across Single Family. The Security Door Allowable includes boarding, painting the board to match the house and all hardware. Search . See below for sub-topic: Section 5: Initial Securing and Initial Services: Initial Securing. View contracting opportunities within our, For more information about responding to a Contracting Opportunity with Fannie Mae, please use this, Bidding Identification Number (RFx, if applicable), Name of supplier in question and type of business. From the dashboard, click the Create New User link. The servicer must use mosquito prevention products to drop into the pool prior to covering the pool. Roof repair also became more specific. Refer to Section 16: Reimbursement Requests within this Property Preservation Guide for further guidance on the Slider Lock/Window Lock, Padlock/Hasp and Padlock, and/or Knob Lock/Knob Lock with Deadbolt Allowables. Fannie Mae is unable to guarantee the accuracy of any translation resulting from the tool and is not responsible for any event or damage that occurs as a result of using the translations generated by the Google Translate feature. No further action is required. Notes: When covering an above ground pool or hot tub/spa, the cost of the service is significantly lower than covering a below ground pool, therefore the entire Pool Cover Allowable should not be used. Helping lenders serve homebuyers and homeowners with affordable mortgages, Financing for quality, affordable rental housing in every market, every day, Reducing risk and enhancing housing finance liquidity.

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