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Servicing Marketplace

 

SMP

Fannie Mae's Servicing Marketplace (SMP) Co-Issue platform is quickly becoming one of the most popular execution paths in the market for originators looking to sell Mortgage Servicing Rights. PHH is one of the most competitive buyers on SMP today. Watch this short video to learn more!

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Servicing Marketplace

Sell your loans to Fannie Mae and the Mortgage Servicing Rights to PHH Mortgage concurrently with Fannie Mae’s Servicing Marketplace (SMP).

Once activated, you’ll gain access to Fannie Mae’s Seller Marketplace where you can request a partnership with PHH Mortgage. Working within the SMP structure allows for increased transparency and operational efficiency through an easy-to-use interface. Working with PHH Mortgage means competitive pricing, seamless transfers, and flexible purchasing options.

Additional Benefits of Choosing PHH

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No Minimum Delivery Requirements

Unlike many of the other servicing buyers on the SMP, PHH has no minimum delivery requirements.

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Dedicated SMP Client Team

Your team at PHH will be a valuable asset throughout the selling process, providing intrinsic support and guidance.

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Live SRP Grid utilizing SMP rate sheet format

Lock in servicing release premium (SRP) at the time of commitment.

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Trades of Any Size

All-in funding for the loan and servicing asset at the same time!

Seller Setup and Delivery

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    After you request to partner with PHH Mortgage within the SMP site, a Purchase and Sale Agreement (PSA) will need to be executed. Your PHH Account Manager will set up a call to review the program with you.
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    Follow the PHH Servicing Transfer Instructions. 
  • Seller Setup and Delivery next icon 3
    Sellers will upload the initial document package (all credit and servicing documents) through FNMA Easy Transfer. Review the Easy Transfer Guide to learn more about document upload through FNMA.
  • Seller Setup and Delivery next icon 4
    Sellers will upload all final documents (Title Policy, Recorded Mortgage, etc.) through the PHH Post Closing Application (PCA). Review the PCA user guide to learn more about uploading final documents to PHH.
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    For additional information regarding the program please send your questions to: FNMASMPSellerSetup@phh.com

Learn more about how co-issue with PHH Mortgage can benefit you! Please email FNMASMPSellerSetup@phh.com to request more information or connect with PHH on the FNMA Servicing Marketplace.