The PPA Data Change Rules Matrix was recently updated on 6/18/2018. In this update, documentation requirements were streamlined for certain data attributes and Special Feature Codes (SFCs). New SFCs were also added along with documentation requirements supporting a data change. Reference the Post-Purchase Adjustments page for additional resources on PPAs.
If you find there is a discrepancy between data attributes submitted at the time of delivery to Fannie Mae and your loan records, a PPA may be required. Review the "Seller/Servicer-Initiated PPA Job Aid" for step-by-step details on initiating a PPA, as well as whom to contact (e.g., Investor Reporting (Servicers), Resource Team (Sellers), LLPA inquiries, etc.).
Details on the process and requirements for a PPA submission.
List of required documentation to make a PPA.
Required request form for a PPA submission.
Fannie Mae’s Data Validation Center (DVC) manages the data validation process. Loans for which Fannie Mae requests a data review are provided to the seller in a DVC Loan Review Report (.xls) in Message Manager. Fannie Mae and the lender will then work together to determine whether a data change is required.
Outlines the procedures for Fannie Mae initiated post-purchase loan reviews.
Instructions on submitting documentation via the Quality Assurance System (QAS) in response to a DVC Loan Review Report.
Details on retrieving DVC reports, responding to data change requests, and submitting documentation.