Delegated Mortgage Loans
If your Lender ContractLender ContractProgram Documents per the Mortgage Selling and Servicing Agreement. provides you with the delegated authority, you may underwrite, commit, and DeliverDeliverMeeting all of the data delivery requirements in , and submitting an acceptable Mortgage Loan Delivery Package per Part IV A: Mortgage Loan Commitment, Delivery and Purchase Procedures, Chapter 5. A Mortgage Loan is “Delivered,” when all documents, data, and information are correct, accurate, and… any fully-delegated Mortgage LoanMortgage 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. (see Part I, Chapter 1: Overview, Section 102: Delegation and Underwriting).