Clarifire FNMA-Certified For Workouts

Posted by Orb Staff on August 14, 2009 No Comments
Categories : Mortgage Servicing

eMASON Inc.'s Clarifire application has been certified by Fannie Mae for loan modification workout rules, the company says. The Web-based workflow tool, whose financial calculator and rules engine were previously certified by Fannie Mae for HomeSaver Advance and preforeclosure sales, is expected to be certified for the Home Affordable Modification Program workout type this month.

Fannie Mae has also adopted Clarifire to automate its internal processes relating to managing servicer submissions and approvals in-house, with the servicer pilot rollout under way. This new use of Clarifire will automate approvals and streamline workflow internally at Fannie Mae, eMASON says.

SOURCE: eMASON

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