Exception Tracking Spreadsheet (TicklerTrax™)
Downloaded by more than 1,000 bankers. Free Excel spreadsheet to help you track missing and expiring documents for credit and loans, deposits, trusts, and more. Visualize your exception data in interactive charts and graphs. Provided by bank technology vendor, AccuSystems. Download TicklerTrax for free.
FHFA again extends loan processing flexibilities
The Federal Housing Finance Agency has announced a further extension of Fannie Mae's and Freddie Mac's purchase of qualified loans in forbearance and several loan origination flexibilities through October 31, 2020. As before, the changes are to ensure continued support for borrowers during the COVID-19 national emergency.
The extended flexibilities include:
- Buying qualified loans in forbearance;
- Alternative appraisals on purchase and rate term refinance loans;
- Alternative methods for documenting income and verifying employment before loan closing; and
- Expanding the use of power of attorney to assist with loan closings.