![]() 5 Business Days Business Days Any day other than aĪfter the Mortgage Loan Origination Date Mortgage Loan Origination Date Date you fund a Mortgage Loan to the Borrower.Mortgage Loan Mortgage Loan Mortgage debt obligation evidenced, or when made will be evidenced, byĭata by the Delivery Delivery Submission 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.Per the screen instructions and C&D C&D Electronic committing and delivery system used for issuing and confirming Commitments for acquiring Mortgage Loans, or any such successor system. Enter all information in C&D C&D Electronic committing and delivery system used for issuing and confirming Commitments for acquiring Mortgage Loans, or any such successor system.If you do not meet the Delivery Delivery Submission 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.ĭeadline and your delay requires a change in the Rate Lock Rate Lock Agreement between you and the Investor containing the terms of the Lender-Arranged Sale or Multifamily Trading Desk trade of the Mortgage Loan and the MBS terms and conditions relating to the underlying MBS, if applicable, which may be documented via a recorded telephone conversation.Įxpiration date, you may be charged a Rate Lock Extension Fee per Part IV, Chapter 2: Rate Lock and Committing, Section 204.03B: Rate Lock Extensions. The Mortgage Loan Mortgage Loan Mortgage debt obligation evidenced, or when made will be evidenced, byĪ mortgage debt obligation with a Fannie Mae credit enhancement.īefore the Delivery Delivery Submission 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.ĭeadline to allow time for you to correct any errors Fannie Mae may find. You should Deliver Deliver Submission 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. Commitment Commitment Contractual agreement between you and Fannie Mae where Fannie Mae agrees to buy a Mortgage Loan at a future date in exchange for an MBS, or at a specific price for a Cash Mortgage Loan, and you agree to Deliver that Mortgage Loan.Rate Lock Rate Lock Agreement between you and the Investor containing the terms of the Lender-Arranged Sale or Multifamily Trading Desk trade of the Mortgage Loan and the MBS terms and conditions relating to the underlying MBS, if applicable, which may be documented via a recorded telephone conversation.3 Business Days Business Days Any day other than aīefore (and not including) the earlier of the.7 Business Days Business Days Any day other than aĭay when the Federal Reserve Bank of New York is closed, orįor any MBS and required remittance withdrawal, day when the Federal Reserve Bank is closed in the district where any of the MBS funds are held.īefore (and not including) the Book-Entry Date Book-Entry Date Date a Security is delivered by Fannie Mae via the Federal Reserve book-entry system to the applicable Investor’s designated book-entry account at a depository institution., per the ASAP Contract ASAP Contract ASAP Sale Contract, ASAP Plus Contract, and ASAP Plus POC Contract. For funding under an ASAP Option ASAP Option ASAP Sale and ASAP Plus (including ASAP Plus POC) purchase options per Part IV, Chapter 2: Rate Lock and Committing, Section 205: ASAP Options.To Multifamily Certification and Custody Multifamily Certification and Custody Team responsible for taking custody of and certifying Mortgage Loans that can be contacted at The complete Mortgage Loan Delivery Package Mortgage Loan Delivery Package Loan Documents and underwriting material required in connection with the Delivery of a Mortgage Loan. ![]() ![]() Deliver Deliver Submission 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.Eastern Time on the Delivery Delivery Submission 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.
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