Cash Remittance System | Fannie Mae Multifamily Guide

Guide Update 23-04

: Cash Remittance System

Effective: 04/17/23

Retired: 04/17/23

Associated Documents:

Summary of Changes:

HIGHLIGHTS
Effective for all Mortgage Loans as of April 17, 2023, you must use the Cash Remittance System to remit Prepayment Premiums.

Primary Changes

Updated Part V, Chapter 2: Reporting and Remitting, Section 213: Prepayment Premium Sharing to:

require you to use the Cash Remittance System to remit Prepayment Premiums due to the Investor and/or Fannie Mae; and
retire the Multifamily Authorization for Automatic Transfer of Funds (Form 1055).

Questions

Please contact Jim Hull at [email protected] with any questions.