Non-Lender Servicer Training: Onboarding and Using Rent Roll Digitizer
Rent Roll Digitizer Non-Lender Servicer Training
Lender Training: Introducing Rent Roll Digitizer™: A better, simpler process for submitting property-level reporting data
Rent Roll Digitizer Lender Training
Rent Roll Digitizer
Rent Roll Digitizer, a component of DUS® Data Digitizer, will enable submissions of ongoing rent roll data to Fannie Mae. Beginning in Q4 2021, upon deal commitment, Fannie Mae will ask Lenders whose deals meet certain requirements to contact their borrowers and ask them to submit rent roll data digitally to Fannie Mae. As adoption ramps up, existing loans will also be onboarded.
Borrowers, property management companies, and relevant software vendors will be able to digitally submit rent roll data using either one of the following submission channels:
- API Submission Channel: Enables the submission of data in JSON format as specified in the Fannie Mae DUS Rent Roll Standard.
- SFTP Submission Channel: Enables the submission of data in XLSX format as specified in the Fannie Mae DUS Rent Roll Standard.
Rent Roll Digitizer Onboarding
Fannie Mae and Lenders are reaching out to Borrowers and property management companies to grant access to the Rent Roll Digitizer. The list of onboarded entities will grow over time and more borrowers will be able to submit rent roll data with the click of a button.
Next steps for Lenders
- Get familiar with the Fannie Mae DUS Rent Roll Standard.
- Review the Multifamily Wire from Woody Brewer
- Review the provisions of the Loan Agreement which pertain to rent roll data; Section 8.02 (b)(4) and Section 6.02 (e)(7).
Next steps for Borrowers
- Get familiar with the Fannie Mae DUS Rent Roll Standard.
- Fannie Mae and Lenders will reach out to Borrowers about how to gain access to Rent Roll Digitizer.
- If you or your property manager or relevant software vendor is already onboarded, start submitting rent rolls monthly through Rent Roll Digitizer.
Questions?
Contact [email protected]
DUS Data Digitizer
Data access and governance is essential to digital transformation. Data standards were developed with the cooperation of DUS Lenders and industry participants. Structured data from these reports will enable more efficient reviews and seamless data delivery.
The Multifamily Selling and Servicing Guide requires the delivery of standardized data sets as supplements for the following report types:
- Property Condition Assessment;
- Environmental Site Assessment (Environmental Screening, Phase I and Phase II);
- Zoning Report; and
- Seismic Risk Assessment.
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The Technology Terms and Conditions previously provided on this page are now located in the new Consolidated Technology Guide. A PDF version of the Guide and other related content is available on the Consolidated Technology Guide page.