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MortgagePoint » Your Trusted Source for Mortgage Banking and Servicing News 24 April 2024 I N D U S T R Y U P D A T E incorporating scorecards, due diligence monitoring, and supply chain manage- ment principles. "Helping our clients transform and strengthen their relationships with vendors while achieving a positive ROI has been our focus since the company's inception," Maple Street President Mike Crofts said. "Cornerstone's recognition of this success and its ability to see the long-term value of our offerings to the market were pivotal in our decision to move forward with this partnership. We anticipate an exciting, dynamic future for our clients and for the entire Maple Street team." Maple Street CEO Teresa Crofts agreed, adding: "Maple Street has pio- neered next-level vendor management for credit unions and community banks over the past 20 years. Our service and customer commitment are revered in the industry. Cornerstone shares this same dedication to customer service and lead- ership in the financial services industry. We are confident that this acquisition will provide significant opportunities for our clients to grow and thrive now and into the future." FANNIE MAE RECEIVES 2024 ENERGY STAR PARTNER OF THE YEAR AWARD F annie Mae has announced it has received the 2024 ENERGY STAR Partner of the Year—Sustained Excellence Award from the U.S. Environ- mental Protection Agency (EPA) and the U.S. Department of Energy. This is the 10th consecutive year for Fannie Mae's Multi- family business and the fourth consecutive year for the company's Single-Family business for outstanding contributions to increasing adoption of energy-efficiency improvements in housing. Fannie Mae, an ENERGY STAR partner since 2011, is committed to cre- ating positive environmental, social, and economic outcomes through mortgage finance. Leveraging its green financing business, Fannie Mae supports the multifamily and single-family housing markets by financing communities and homes that meet energy- and water-sav- ing standards through green building programs and energy and water efficient improvements. "Fannie Mae is proud to support ENERGY STAR's efforts to reduce the environmental impact of multifamily housing," said Karyn Sper, Senior Di- rector of Multifamily Green and Duty to Serve initiatives, Fannie Mae. "ENERGY STAR's property and product certifica- tions are an integral component of our $110 billion Green Financing program, which helps increase affordability for renters across the country." In addition to Fannie Mae's Mul- tifamily Green Financing Business— which provided $7.5 billion in liquidity to green financing in 2023—the com- pany partnered with industry leaders to launch the 2023 Multifamily Energy and Water Survey to collect multifamily property energy and water consump- tion and costs. The data collected will be used to provide transparency into how a multifamily building's energy or water consumption compares to similar multifamily buildings in the United States and will be used by the EPA to update the ENERGY STAR 1-100 energy performance score and the EPA Water Score for multifamily housing. The Single-Family business has been recognized as an ENERGY STAR Partner of the Year annually since the launch of its Single-Family Green MBS program in 2020. ENERGY STAR certification requirements are the baseline of the program, in which Fannie Mae provides green financing for loans backed by properties that achieve at a minimum 10% more energy efficiencies than res- idential properties built to state energy code. "Our Single-Family Green MBS program demonstrates our commitment to achieving positive outcomes by fi- nancing single-family homes that exceed energy-standards," said Arthur Johnson, VP of Capital Markets for Fannie Mae. "We continue to increase partnerships with lenders, builders, and energy raters to help encourage more ENERGY STAR certified homes." Since 1992, ENERGY STAR and its partners helped families and businesses in America avoid more than $500 billion in energy costs and achieve more than 4 billion metric tons of greenhouse gas reductions. "Fannie Mae is proud to support ENERGY STAR's efforts to reduce the environmental impact of multifamily housing." —Karyn Sper, Senior Director of Multifamily Green and Duty to Serve initiatives, Fannie Mae