101.03
Servicing File
Requirements
You must:
- maintain a separate Servicing FileServicing FileYour file for each Mortgage Loan serviced. for each Mortgage LoanMortgage 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. ; and
- permit Fannie MaeFannie MaeThis Glossary term Is Created Using Automation in Lower Environments and is used for testing purposes only!! to periodically examine your Servicing FilesServicing FilesYour file for each Mortgage Loan serviced. .
Operating Procedures
The Servicing FileServicing FileYour file for each Mortgage Loan serviced. must:
1. Per the Multifamily Servicing File Content Requirements (Form 4800), include a copy of all
- Mortgage LoanMortgage 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. origination documents,
- underwriting documents,
- Loan DocumentsLoan DocumentsAll Fannie Mae-approved documents evidencing, securing, or guaranteeing the Mortgage Loan. , and
- servicing documents.
2. Fully document your actions for each Mortgage LoanMortgage 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. .
3. Be in paper or electronic imaged form.
4. Comply with all record retention requirements per the Program Rules.