Section 103

Property Check

Requirements

When you register a 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. in DUS GatewayDUS GatewayMultifamily pre-acquisition system, or any successor systems, recording deal registration, Pre-Review and/or waiver tracking, Mortgage Loan Commitments, and decision records. or submit a Transfer/AssumptionTransfer/AssumptionTransaction changing the ownership of the Borrower or Property. in the MAMPMAMPMultifamily Asset Management Portal used to submit Property inspections, operating statements, requested modifications, asset management reports, and data corrections for loan or property attributes. , you must:

  • use Property Check to search the primary PropertyPropertyMultifamily residential real estate securing the Mortgage Loan, including the fee simple or Leasehold interest, Improvements, and personal property (per the Uniform Commercial Code). address(es) (including those identified in Part II, Chapter 1: Attributes and Characteristics, Section 102: Multiple Properties); and
  • receive a “Based on the address entered, you may proceed processing the transaction involving this property.” response for each address entered.

Guidance

Fannie Mae monitors all Property Check search details.

Operating Procedures

The Property Check application is available at https://multifamily.fanniemae.com/applications-technology/property-check.

Property Check Frequently Asked Questions
Question Answer
What information do you need to perform a Property Check?

You must enter the Property’sProperty’sMultifamily residential real estate securing the Mortgage Loan, including the fee simple or Leasehold interest, Improvements, and personal property (per the Uniform Commercial Code).

 

  • Street Address,
  • City,
  • State, and
  • Zip Code.
How does Property Check respond?

You will receive a response similar to:

 

  • “Based on the address entered, you may proceed processing the transaction involving this property.”; or
  • “Do not continue processing the transaction involving this property without contacting Fannie Mae at [email protected].”
What about confidentiality?

You must:

 

  • comply with the Property Check application confidentiality requirements; and
  • establish procedures ensuring all Property Check responses remain confidential.