Multifamily Form 4810 Servicer Workout Action Template

Servicer workout action template (swat)

Date of this Action Plan: / Is this a NEW Action Plan?: / If No, Date of last Action Plan:
Yes / No / / /

Loan/property Detail

Property Name: / Execution Type (select one):
Cash / MBS / Aggregation / REMIC
Property Address: / City: / State: / ZIP Code:
Fannie Mae Loan No.: / Deal Contract No.:
Current Unpaid Principal Balance (UPB): / Balance as of Date:
$ / / /
Origination Date: / Original Appraised Value: / Date of Appraisal:
/ / / $ / / /
Is Loan Cross-Collateralized with other Loan(s)? / If yes, Loan Number(s):
Yes / No

Servicer Detail

Servicer Name: / Servicer Loan No.: / Last Paid Installment Date:
/ /

Borrower and Management Detail

Borrower Name: / Main Contact Name: / Owner Occupied?:
Yes / No
Property Management Company Name: / Property Management Type:
Third Party / Self-Managed

Valuation

Most Recent Valuation: / Date of Most Recent Value: / Source of Valuation (Select one): / Potential Loss Amount:
$ / / / / Broker Opinion of Value / New
Appraisal / Other: / $
Analysis/Explanation of Valuation:
Operating Data (Please describe the current operations of property, including DSCR and Occupancy trends):
Physical Condition(Please describe the current physical condition of the property, including a description of previous inspection results and how they compare/contrast with the current condition. Please also describe any Deferred Maintenance and plans to cure.):
Are there any Code Violations? / Yes / No
If yes, Describe violations and steps being taken to cure:

Loan Default detail

Reason for Transfer to Special Servicing:
Payment Default (Loan is Delinquent and cannot be cured prior to 60 days)
Covenant Default (Default of Loan Document Covenant)
Other Default (Specify):
Action Taken to Date (Please describe events that led up to default. Include number of times Borrower has been contacted and Borrower response(s), if any):

Recommendation/update

Course of Action Recommended:
Foreclosure / Scheduled Foreclosure Date:
If Foreclosure, Bid Amount $______/ / /
Fannie Mae/Servicer Workout / Bringing Borrower Current / Modification
Note Sale (Note Sale Amount $______) / Other (Specify):
Counsel To Be Engaged: / Name of Firm: / Firm Address:
Contact Name: / Contact Number: / Contact Email:
Estimated Resolution Costs: / Estimated Resolution Date: / / /
Expenses/Foreclosure Bid Calculation: / Estimated/Actual Cost: / Comments:
If Foreclosure Bid: UPB
Trustee/Legal Fees:
Sales Costs:
Physical Needs Assessment:
Environmental:
Appraisal / BOV:
Taxes:
Insurance:
Receiver Fees:
Other:

TOTAL Estimated Resolution Costs:

Lender repurchase information

Lender Repurchase?: / Yes / No / Date of Expected Repurchase: / / /

If REO, Property detail

If property is REO, please fill out this section:
REO Property? (Select One): / Date of Repurchase:
Yes / No / / /
List Price: / $ / Sale Price: / $
Current UPB: / $ / As of Date:
Estimated Resolution Costs:
Expense Type: / Estimated or Actual Cost: / Comments:
Principal Balance:
Interest:
Late Fees:
Insurance:
Property Taxes:
Appraisal / BOV:
Foreclosure Fees / Costs:
Legal Fees:
Brokers Fees:
Other:
TOTAL Estimated Resolution Costs:

Servicer contact information

Servicer (Name and Address): / Servicer Contact Name:
Servicer Email Address: / Contact Number:
( )
Signature of Servicer:
/ /
Name / Title / Date

fannie Mae contact information

Action Plan Decision: / Approved / Rejected
Comments on Action Plan Decision:
Fannie Mae Contact Name: / Fannie Mae Contact Number: / Fannie Mae Email Address:
( )
Signature forFannie Mae:
/ /
Name / Title / Date

Servicer Workout Action Template (SWAT) Form 4810Page 1