T4
FANNIE_MAE
High Confidence
Other
Servicing Notice – Advance Notice of Retirement of HomeSaver Solutions Network Workout Functionality
Technology platform consolidation and servicing streamlining initiative by Fannie Mae
LOW
Impact Level
Top: Operational (3)
Classification
- Regulatory Program
- GSE Servicing Requirements
- Doc Type
- Other
- Effective Date
- 2025-12-01
- Days to Action
- -227
- Comment Deadline
- —
- Published
- 2025-05-14
Urgency Basis
Effective date of December 1, 2025 has already passed as of today's date (June 9, 2026), making this historical notice with no current action required
Operational Context
Flags
Systems Change Required
Affected Functions
Compliance
Operations
Technology
Institution Applicability
All
Impact by Category
Compliance
2
Operational
3
Data Governance
2
Model Risk
0
Reporting & Disclosure
2
Capital & Liquidity
0
Consumer Protection
1
Third-Party Risk
0
Key Requirements
- Transition all workout reporting from HSSN to SMDU Case Management by November 30, 2025
- Complete staff training using SMDU User Guide training modules
- Migrate existing loan modification cases and workout functionality to SMDU platform
- Update operational procedures for loss mitigation reporting under new system
- Ensure continuity of delinquency reporting through Asset Management Network
Scoring Rationale
This is a GSE-initiated system migration rather than a regulatory rule change. The moderate operational score reflects the cross-functional impact of migrating loss mitigation workflows and retraining staff. Compliance impact is low as the underlying servicing obligations remain unchanged, only the reporting platform changes. Given today's date of June 9, 2026, this transition deadline has already passed, making this a historical notice with T4 urgency.
AI Analysis Disclosure — This record, including its scores, impact assessments, and Advisory
Assessment (impact, risk, and recommended actions), was generated by an AI model and may contain errors or
omissions. The Advisory Assessment is a starting point for analysis, not a substitute for professional judgment.
Effective dates, applicability determinations, impact assessments, and any recommended actions should be
independently verified against primary regulatory source documents and reviewed by qualified compliance or legal
personnel before taking compliance action. This output does not constitute legal or compliance advice.