Selling Guide

Published December 16, 2020

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C2-1.2-01, Best Efforts Commitment Process (05/26/2015)

Introduction

This topic describes basic information about obtaining a best efforts commitment.

 

Best Efforts Commitment Process

To obtain a best efforts commitment, lenders may use Fannie Mae’s whole loan committing application, a free Web-based application available to subscribers, or may contact the Capital Markets Pricing and Sales Desk. Lenders can obtain information on subscribing to the whole loan committing application by contacting their Fannie Mae customer account team or the Capital Markets Pricing and Sales Desk, or by referring to Fannie Mae’s website.

Best efforts commitments may be made on weekdays between 8:15 a.m. and 5:00 p.m. (Eastern time) with the exception of bond market observed holidays as defined by SIFMA. After hours best efforts committing is also available on weekdays until 10:00 p.m.

Fannie Mae confirms its acceptance of the lender’s request for a best efforts delivery commitment by providing a confirmation to the lender that the loan has been committed.

Additional information may also be obtained by reviewing Pricing & Execution on Fannie Mae’s website. 

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