LenderLenderPerson Fannie Mae approved to sell or service Mortgage Loans. account at an Eligible Depository used either for

• receiving funds for various loans and for the benefit of multiple investors, and from which segregated funds are transferred to specific Custodial AccountsCustodial AccountsAccounts established by the Servicer for depositing P&I payments, T&I funds, Collateral Agreement deposits, and other similar funds. held solely for the benefit of Fannie Mae, or
• disbursing funds after transfer from a Fannie Mae Custodial AccountCustodial AccountAccounts established by the Servicer for depositing P&I payments, T&I funds, Collateral Agreement deposits, and other similar funds. .