Fannie Mae Selling Guide D1-1-03 — Lender Quality Control Reporting

Fannie Mae Selling Guide D1-1-03 — Lender Quality Control Reporting

D1-1-03, Lender Quality Control Reporting (04/01/2026) Introduction This topic contains requirements for lender QC reporting, including elements required for all reports, prefunding and post-closing. Reporting Requirements for All Quality Control Reporting Prefunding Reporting Requirements Post-closing Reporting Requirements Reporting Requirements for All Quality Control Reporting Although Fannie Mae does not specify an exact format for reports, the lender must design reports that are useful to management for evaluating and monitoring the quality of the lender's loan production. The lender must provide Fannie Mae with a copy of its QC reports upon request. At a minimum, the lender's reporting must: be in writing and shared with management monthly; summarize results into a comprehensive, summary report of all QC findings; communicate defects to responsible parties (that is, lender departments or business units); and use consistent methodology and terminology, including defect categories and severity levels. Prefunding Reporting Requirements Prefunding reports must, at a minimum, include: Published May 6, 2026 1045 the date the report was published; a description of each sample selection, including the sample criteria, number of loans reviewed, and percentage of total eligible loans reviewed; summaries of the results of all random, discretionary, and component reviews; summaries of monthly third-party originations, including random, discretionary, and component reviews, if applicable; defect trending for at least three months; and shared with management within 30 days of completion. Post-closing Reporting Requirements Post-closing reports must, at a minimum, include: the date the report was published; a description of each sample selection, including the sampling criteria, number of loans reviewed, and percentage of total eligible loans reviewed; summaries of the results of all random, discretionary, and component reviews; summaries of monthly third-party originations, including random, discretionary, and component reviews, if applicable; defect trending for at least three months; and data for the highest severity classification defect rate, benchmarked against its defined target rate, at least quarterly, as described in D1-1-01, Lender Quality Control Programs, Plans, and Processes. In addition, post-closing reports must distinguish between defects related to compliance with applicable law and underwriting and eligibility defects, and include the final results of the 10% QC vendor review described in D1-1-02, Lender Quality Control Staffing and Outsourcing of the Quality Control Process, if applicable. Recent Related Announcements The table below provides references to recently issued Announcements that are related to this topic. Announcements Issue Date Announcement SEL-2026-03 April 01, 2026 Announcement SEL-2025-04 June 04, 2025 Chapter D1-2, Lender Prefunding QC Mortgage Review Introduction This chapter explains the requirements for a lender’s prefunding QC review process. It addresses the timing of file reviews and the process for selecting loans by various review types. Published May 6, 2026 1046

Source: Fannie Mae Selling Guide D1-1-03 — Lender Quality Control Reporting · source URL · snapshot 5f7b8b79da595d76