| Data |
- Enter all information in C&D
C&DElectronic committing and delivery system used for issuing and confirming Commitments for acquiring Mortgage Loans, or any such successor system.
per the screen instructions and C&D
C&DElectronic committing and delivery system used for issuing and confirming Commitments for acquiring Mortgage Loans, or any such successor system.
User Manual to submit
- 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.
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data by the 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.
deadline, and
- rent roll data by the earlier of
- 5 Business Days
Business DaysAny day other than a
Saturday,
Sunday,
day when Fannie Mae is closed,
day when the Federal Reserve Bank of New York is closed, or
for any MBS and required remittance withdrawal, day when the Federal Reserve Bank is closed in the district where any of the MBS funds are held.
after the Mortgage Loan Origination Date
Mortgage Loan Origination DateDate you fund a Mortgage Loan to the Borrower.
, or
- the 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.
deadline.
- For a 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.
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funded under an ASAP Option
ASAP OptionASAP Sale and ASAP Plus (including ASAP Plus POC) purchase options per Part IV, Chapter 2: Rate Lock and Committing, Section 205: ASAP Options.
,
- submit 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.
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data in C&D
C&DElectronic committing and delivery system used for issuing and confirming Commitments for acquiring Mortgage Loans, or any such successor system.
per this Chapter or the ASAP Contract
ASAP ContractASAP Sale Contract, ASAP Plus Contract, and ASAP Plus POC Contract.
, and
- select the ASAP Plus
ASAP PlusPurchase option expediting Mortgage Loan Delivery using a 2-stage process before redelivering for purchase per the applicable ASAP Contract.
or ASAP Sale
ASAP SalePurchase option where you Deliver a Mortgage Loan in exchange for cash while trading the Delivered Mortgage Loan MBS with an MBS Investor.
indicator in C&D
C&DElectronic committing and delivery system used for issuing and confirming Commitments for acquiring Mortgage Loans, or any such successor system.
.
- Ensure all data is accurate and complete.
- Follow the C&D
C&DElectronic committing and delivery system used for issuing and confirming Commitments for acquiring Mortgage Loans, or any such successor system.
validation process to ensure 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.
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reaches the Submitted status.
- Email Multifamily Acquisitions
Multifamily AcquisitionsTeam that can be contacted at [email protected].
if C&D
C&DElectronic committing and delivery system used for issuing and confirming Commitments for acquiring Mortgage Loans, or any such successor system.
is preventing you from delivering valid data.
|
| Mortgage Loan Delivery Package |
- Submit all applicable documents per the Multifamily Mortgage Loan Delivery Package Table of Contents
Multifamily Mortgage Loan Delivery Package Table of ContentsForm 6502.Folder.I.and.Folder.III, or another Fannie Mae-approved Table of Contents for a Mortgage Loan Delivery Package.
( Form 6502.Folder.I.and.Folder.III
and Form 6502.Folder.II
) and any applicable ASAP Contract
ASAP ContractASAP Sale Contract, ASAP Plus Contract, and ASAP Plus POC Contract.
, including the Mortgage Loan's
Mortgage Loan'sMortgage debt obligation evidenced, or when made will be evidenced, by
the Loan Documents, or
a mortgage debt obligation with a Fannie Mae credit enhancement.
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- underwriting information, and
- Loan Documents
Loan DocumentsAll Fannie Mae-approved documents evidencing, securing, or guaranteeing the Mortgage Loan.
.
- Ensure all documents are accurate and complete:
- Use Fannie Mae
Fannie MaeThis Glossary term Is Created Using Automation in Lower Environments and is used for testing purposes only!!
’s standard form Loan Documents
Loan DocumentsAll Fannie Mae-approved documents evidencing, securing, or guaranteeing the Mortgage Loan.
, and only modify them if permitted by Fannie Mae
Fannie MaeThis Glossary term Is Created Using Automation in Lower Environments and is used for testing purposes only!!
.
- Check all appropriate boxes on Form 6502.Folder.I.and.Folder.III
and Form 6502.Folder.II
, and list any other documents delivered with 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.
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.
- 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.
a blackline copy of any modified document (including any Schedule or Exhibit), showing all changes to Fannie Mae
Fannie MaeThis Glossary term Is Created Using Automation in Lower Environments and is used for testing purposes only!!
’s form documents per the document modification memo prepared by your counsel and uploaded to DUS Gateway
DUS GatewayMultifamily pre-acquisition system, or any successor systems, recording deal registration, Pre-Review and/or waiver tracking, Mortgage Loan Commitments, and decision records.
.
- Submit Loan Documents
Loan DocumentsAll Fannie Mae-approved documents evidencing, securing, or guaranteeing the Mortgage Loan.
consistent with the data in C&D
C&DElectronic committing and delivery system used for issuing and confirming Commitments for acquiring Mortgage Loans, or any such successor system.
and the Commitment
CommitmentContractual agreement between you and Fannie Mae where Fannie Mae agrees to buy a Mortgage Loan at a future date in exchange for an MBS, or at a specific price for a Cash Mortgage Loan, and you agree to Deliver that Mortgage Loan.
.
- Unless submitted per an approved C&D
C&DElectronic committing and delivery system used for issuing and confirming Commitments for acquiring Mortgage Loans, or any such successor system.
data change, ensure physical Loan Documents
Loan DocumentsAll Fannie Mae-approved documents evidencing, securing, or guaranteeing the Mortgage Loan.
are identical to electronic copies previously sent for certification.
- Endorse or assign the Loan Documents
Loan DocumentsAll Fannie Mae-approved documents evidencing, securing, or guaranteeing the Mortgage Loan.
to Fannie Mae
Fannie MaeThis Glossary term Is Created Using Automation in Lower Environments and is used for testing purposes only!!
.
- Ensure 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.
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has a title insurance policy per Part II, Chapter 3: Legal Compliance, Section 304: Title Insurance
. You may submit the title policy with blanks for the recording information, but you must deliver a final title policy with this information to Multifamily Certification and Custody
Multifamily Certification and CustodyTeam responsible for taking custody of and certifying Mortgage Loans that can be contacted at
[email protected],
(800) 940-4646, or
for submissions:
Fannie Mae (Multifamily)
Certification and Custody
21240 Ridgetop Circle
Suite 125-130
Sterling, VA 20166.
within 6 months of the Mortgage Loan Origination Date
Mortgage Loan Origination DateDate you fund a Mortgage Loan to the Borrower.
.
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