The PPA Data Change Rules Matrix was updated on 6/18/2019. In this update, documentation requirements were streamlined for certain data attributes and new attributes were added for First Time Home Buyer and Monthly Housing Expense, including documentation requirements supporting those attributes. 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.
Details on retrieving DVC reports, responding to data change requests, and submitting documentation.
This worksheet is intended to provide guidance to Fannie Mae lenders for required and recommended post-closing quality control processes and procedures related to Day 1 Certainty.