Mortgage Loan Delivery Package
The preliminary information and documentation described in Part IV B, Chapter 2: Streamlined Rate Lock, Section 202: Preliminary Underwriting Requirements must be included in the Mortgage Loan Delivery PackageMortgage Loan Delivery PackageLoan Documents and underwriting material required in connection with the Delivery of a Mortgage Loan. described in Part IV A, Chapter 5: Delivery Procedures – Documents and must be in a form that will enable Fannie Mae to conduct a post-purchase file review of the information.
In addition, the following must be included in the LenderLenderPerson approved by Fannie Mae to sell or service Mortgage Loans. ’s final Mortgage Loan Delivery PackageMortgage Loan Delivery PackageLoan Documents and underwriting material required in connection with the Delivery of a Mortgage Loan. DeliveredDeliveredMeeting 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… pursuant to Part IV A, Chapter 5: Delivery Procedures – Documents:
- a complete Transaction Approval Memo and underwriting spreadsheets with details on how the Rate LockRate LockAgreement between the Lender 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. amount for the Streamlined Rate Lock 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. was calculated, including any required change to the Guaranty Fee RateGuaranty Fee RateRate of the Mortgage Loan Guaranty Fee expressed as an annualized percentage. and Servicing Fee RateServicing Fee RateRate of the Servicing Fee for the Mortgage Loan, expressed as an annualized percentage. included in the Streamlined Rate Lock for a non-qualifying Green Rewards Mortgage LoanGreen Rewards Mortgage LoanMortgage Loan secured by a Property on which the Borrower agrees to undertake 1 or more Energy- and Water-Efficiency Measures (Efficiency Measures or EWEM) that comply with Part III: Products and Features, Section 403. , as described in Part IV B, Chapter 2: Streamlined Rate Lock, Section 204.02: Lender Determinations after Full Underwriting;
- the calculation of any changes to the Delivered Mortgage Loan AmountDelivered Mortgage Loan AmountUPB of a Mortgage Loan when it is purchased by Fannie Mae. ; and
- all required underwriting documentation used at the time of full underwriting.