This subpart describes the requirements a lender must meet in order to transact business
with Fannie Mae, which includes the procedures for obtaining technology applications
and completing the compliance certifications. It contains policies on concurrent servicing
transfers and working with third parties, such as mortgage brokers, loan correspondents,
quality control firms, document custodians, and subservicers. It addresses Fannie
Mae’s requirements related to data delivery and integrity, handling of confidential
information, fraud prevention, and fidelity bond and errors and omissions coverage.
A3-1: Fannie Mae’s Technology Products
This chapter includes information on the initial steps a lender must take to do business
with Fannie Mae with respect to technology applications and operational setup.
A3-2: Compliance With Requirements and Laws
This chapter describes an approved lender’s obligation to comply with various laws
related to mortgage lending and servicing, and to adhere to responsible lending practices
when originating mortgage loans for delivery to Fannie Mae.
A3-3: Third-Party Lending Functions and Servicing Arrangements
This chapter explains Fannie Mae’s requirements regarding the outsourcing of mortgage
origination and servicing functions. It also addresses other servicing arrangements
as well as the requirements related to document custody and document custodians.
A3-4: Lending Practices
This chapter includes information on Fannie Mae’s requirements related to data delivery,
data quality, and the handling of confidential information. It also contains the steps
that approved lenders must take to prevent, detect, and report mortgage fraud.
A3-5: Fidelity Bond and Errors and Omissions Coverage
This chapter describes Fannie Mae’s fidelity bond and errors and omissions coverage
and policy requirements.
This subpart contains the requirements to which sellers/servicers must adhere in order
to maintain their eligibility to transact business with Fannie Mae. It describes the
financial statements, operational reports, and Lender Record information that sellers/servicers
must submit to Fannie Mae, and it addresses the types of organizational changes and
events for which sellers/servicers must notify Fannie Mae in writing.
A4-1: Maintaining Seller/Servicer Eligibility: Overview
This chapter describes the requirements a seller/servicer must satisfy to maintain
or reactivate its status as a Fannie Mae-approved seller/servicer. Reactivated sellers/servicers
may again deliver loans to Fannie Mae and/or service Fannie Mae loans (and subservice
loans for other Fannie Mae-approved servicers). It also includes information on the
servicer’s required rating.
A4-2: Submission of Operational and Financial Information
This chapter explains the financial statements, operational reports, and Lender Record
Information form that an approved seller/servicer must submit to Fannie Mae to demonstrate
its continued compliance with Fannie Mae’s requirements.
A4-3: Changes in the Seller/Servicer’s Organization
This chapter describes the types of organizational changes and events for which an
approved seller/servicer must provide advance written notice to Fannie Mae.