Fannie Mae Selling Guide A1-1-01 — Application and Approval of Seller/Servicer
Fannie Mae Selling Guide A1-1-01 — Application and Approval of Seller/Servicer.
Verbatim regulatory text
Verbatim provisions from Fannie Mae Selling Guide A1-1-01 — Application and Approval of Seller/Servicer — each quote is a verified substring of the regulator-published source snapshot, not retyped. Quoted for reference; this is not legal advice. The operational layer (P&P updates, prompts) lives in the regulation update kits.
Fannie Mae Selling Guide A1-1-01 — Application and Approval of Seller/Servicer
A1-1-01, Application and Approval of Seller/Servicer (09/04/2018) Introduction Sellers/servicers must be approved to do business with Fannie Mae. Fannie Mae determines a seller/servicer’s qualifications by reviewing the seller/servicer’s financial condition, organization, staffing, selling and servicing experience, and other relevant factors. General Information General Information See Fannie Mae's website for more information on the application process for approval to do business with Fannie Mae, including: required documentation, minimum business requirements, application review fee, and any special approvals needed to sell or service mortgages with unique requirements. Recent Related Announcements There are no recently issued Announcements related to this topic. Published May 6, 2026 3 Subpart A2, Lender Contract Introduction This subpart describes some of the contractual obligations a lender takes on when it becomes an approved Fannie Mae lender. It includes information on the representations and warranties a lender makes when delivering mortgages to Fannie Mae, the limited waiver of representations and warranties for mortgages underwritten with Desktop Underwriter (DU), the circumstances under which the Lender Contract can be terminated, and the consequences of any breach of lender obligations. It also describes scenarios that may result in loan repurchase or make whole payment demands. This subpart also includes Fannie Mae’s policies on the establishment, maintenance, retention, and examination of loan files and records, and the use of Fannie Mae’s name and trademarks. Chapter A2-1, Contractual Obligations for Sellers/Servicers Introduction This chapter explains the basic legal relationship between a seller, servicer, or seller/servicer and Fannie Mae.