Servicing Guide

Published December 12, 2018

A4-2.1-02: Property Inspection Vendor Management and Oversight (11/12/2014)

The servicer must refer to the following table for guidelines on managing and overseeing third-party property inspection vendors.

The servicer must…

Not enter into or participate in any arrangement with property inspection vendors

  • for which the servicer receives a direct benefit for Fannie Mae mortgage loans or acquired properties that is not passed through to Fannie Mae, or

  • that is influenced by an actual or perceived conflict of interest (particularly those arrangements with affiliates).

Use the most cost-effective and efficient vendors for property inspections related to any Fannie Mae mortgage loans or acquired properties without regard to arrangements that could provide a financial benefit directly to servicers.