907.01
Lender's Site Inspection and Lease Audit
Requirements
You must:
- comply with Part II, Chapter 4: Lease Audits, Inspections, and Reserves, Section 401: Lease Audit ; and
- not 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. any Small Mortgage Loan Small Mortgage LoanMortgage Loan with an original loan amount less than or equal to $9 million. if the Property's Property'sMultifamily residential real estate securing the Mortgage Loan, including the fee simple or Leasehold interest, Improvements, and personal property (per the Uniform Commercial Code). estimated Completion/Repair Completion/RepairRepairs or capital item replacements and deferred maintenance: identified per the Property Condition Assessment; and required per the Completion/Repair Schedule, or Completion/Repair Agreement. costs are greater than 10% of the UPB UPBUnpaid Principal Balance .