NAMFS Industry Pricing Initiative Update
To Mortgage Field Services Providers:
NAMFS has compiled a timeline for Year 2 of the Industry Pricing Initiative. We are pleased with the discussions that have taken place with the Investors/Insurers of the industry and look forward to additional progress as we begin 2023.
Uniting the Mortgage Field Services Industry
Founded in 1988, The National Association of Mortgage Field Services was created to provide its membership with a voice to all parties within the Industry. Members include Servicers, National Field Service Providers, Inspectors, Contractors and those offering industry-specific services.
NAMFS has expanded initiatives to include: Educational Opportunities, Networking Events, Communication & Industry Solutions.
Items of Interest
NAMFS is pleased to share that on November 14, HUD published their Mortgagee Letter, ML 2023-20. Included in this update are increases to expense reimbursables for vacant property inspections, as well as, Initial and Follow-Up Occupancy Inspections. These Inspection allowables align with Fannie Mae’s March 2023 and Freddie Mac’s August 2023 announcements. These alignments in pricing were a key component…Read More
At the 2023 NAMFS Leadership Summit elections were held for five positions on the NAMFS Board of Directors. The open positions were based on the Membership Types (National, Super Regional, Regional, Local, and Associate/Affiliate). Those elected for the September 2023 – September 2025 term are: National: Brent Goheen – NFR Super Regional: Chad Rulo –…Read More
NAMFS hopes this message finds you well and is providing an update on our ongoing initiative to enhance compensation for property inspections and preservation work. NAMFS, as the leading industry association, recognized its responsibility to create a platform for dialogue and collaboration among stakeholders. The Association’s primary role is to facilitate discussions between Investors, Insurers,…Read More
NAMFS is pleased to share that on August 9, Freddie Mac published their Servicing Guide Update 2023-17. Included in this update are increases to expense reimbursables for inspections and a few property preservation services, which is a primary focus of the NAMFS Industry Pricing Initiative. The Inspection allowable aligns with Fannie Mae’s March 2023 announcement.…Read More