ASAP Options
Requirements
To participate in the ASAP Options ASAP OptionsASAP Sale and ASAP Plus (including ASAP Plus POC) purchase options per Part IV, Chapter 2: Rate Lock and Committing, Section 205: ASAP Options. , you must
- be approved in writing, and
- execute the applicable ASAP Contracts ASAP ContractsASAP Sale Contract, ASAP Plus Contract, and ASAP Plus POC Contract. provided by the Capital Markets Early Funding Desk Capital Markets Early Funding DeskTeam that can be contacted for ASAP funding at (866) 944-3863 or [email protected]. .
Guidance
Using the ASAP Options ASAP OptionsASAP Sale and ASAP Plus (including ASAP Plus POC) purchase options per Part IV, Chapter 2: Rate Lock and Committing, Section 205: ASAP Options. , you may sell Mortgage Loans Mortgage LoansMortgage debt obligation evidenced, or when made will be evidenced, by the Loan Documents, or a mortgage debt obligation with a Fannie Mae credit enhancement. to Fannie Mae on an accelerated basis after the Mortgage Loan Origination Date Mortgage Loan Origination DateDate you fund a Mortgage Loan to the Borrower. .
| ASAP Option | Is available for... |
|---|---|
| ASAP Sale | MBS Mortgage Loans MBS Mortgage LoansMortgage Loan purchased by Fannie Mae in exchange for an issued MBS backed by the Mortgage Loan. |
| ASAP Plus |
|