101.03

Servicing File

Requirements

You must:

  • maintain a separate Servicing File Servicing FileYour file for each Mortgage Loan serviced. for each 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 ; and
  • permit Fannie Mae Fannie MaeThis Glossary term Is Created Using Automation in Lower Environments and is used for testing purposes only!! to periodically examine your Servicing Files Servicing FilesYour file for each Mortgage Loan serviced. .

Operating Procedures

The Servicing File Servicing FileYour file for each Mortgage Loan serviced. must:

1.  Per the Multifamily Servicing File Content Requirements ( Form 4800 ), include a copy of all

  • 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 origination documents,
  • underwriting documents,
  • Loan Documents Loan DocumentsAll Fannie Mae-approved documents evidencing, securing, or guaranteeing the Mortgage Loan. , and
  • servicing documents.

2.  Fully document your actions for each 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 .

3.  Be in paper or electronic imaged form.

4.  Comply with all record retention requirements per the Program Rules.