Custodial Account Custodial AccountAccount established by the Servicer for depositing P&I payments, T&I payments, and escrow, reserve, or other funds received from the Borrower per any Loan Document, including the: Collateral Agreement; Multifamily Loan Agreement; or Security Instrument. established by the Lender LenderPerson Fannie Mae approved to sell or service Mortgage Loans. for the benefit of Fannie Mae and for which Fannie Mae has authority to transfer funds.