Section 102

Delegation and Underwriting

Requirements

You must comply with the Guide GuideMultifamily Selling and Servicing Guide controlling all Lender and Servicer requirements unless a Lender Contract specifies otherwise. in its entirety.  Your Lender Contract Lender ContractProgram Documents per the Multifamily Selling and Servicing Agreement. describes your delegated authority to underwrite and Deliver DeliverSubmission of all correct, accurate, and certifiable documents, data, and information with all applicable documents properly completed, executed, and recorded as needed, and any deficiencies resolved to Fannie Mae’s satisfaction. Mortgage Loans Mortgage LoansMortgage debt obligation evidenced, or when made will be evidenced, by the Loan Documents, or  a mortgage debt obligation with a Fannie Mae credit enhancement. Test Notes-SV Test Again Sub-bullet test1 Sub-bullet test2 .

For underwriting and Delivery DeliverySubmission of all correct, accurate, and certifiable documents, data, and information with all applicable documents properly completed, executed, and recorded as needed, and any deficiencies resolved to Fannie Mae’s satisfaction. to be fully delegated to you, you must underwrite the Mortgage Loan Mortgage LoanMortgage debt obligation evidenced, or when made will be evidenced, by the Loan Documents, or  a mortgage debt obligation with a Fannie Mae credit enhancement. Test Notes-SV Test Again Sub-bullet test1 Sub-bullet test2 to meet the requirements provided in

  • the Multifamily Underwriting Standards ( Form 4660 ),
  • Part I,
  • Part II, and
  • ACheck ACheckLender due diligence performed for the Borrower, Key Principal, and Principal using the ACheckTM application.
  • the applicable chapters of Part III based on the specific products and ACheck ACheckLender due diligence performed for the Borrower, Key Principal, and Principal using the ACheckTM application. features of the Mortgage Loan Mortgage LoanMortgage debt obligation evidenced, or when made will be evidenced, by the Loan Documents, or  a mortgage debt obligation with a Fannie Mae credit enhancement. Test Notes-SV Test Again Sub-bullet test1 Sub-bullet test2 .

If the Mortgage Loan Mortgage LoanMortgage debt obligation evidenced, or when made will be evidenced, by the Loan Documents, or  a mortgage debt obligation with a Fannie Mae credit enhancement. Test Notes-SV Test Again Sub-bullet test1 Sub-bullet test2 does not comply with the applicable requirements, it is a Pre-Review Mortgage Loan Pre-Review Mortgage LoanMortgage Loan that is not delegated to you and requires Fannie Mae’s approval before Rate Lock. (see  Part I, Chapter 2: Mortgage Loan, Section 203: Pre-Review Mortgage Loans ).