Selling Guide

Published June 02, 2021

For best results, pose your search like a question.

Guide Resources

For a comprehensive list of resources such as forms, announcements, lender letters, notices and more.

Visit Selling and Servicing Guide Communications and Forms

Customers Recommend Ask Poli

AskPoli

If you have additional questions, Fannie Mae customers can visit Ask Poli to get information from other Fannie Mae published sources.

Launch Ask Poli  

Download PDF Guide

You can also download the printable 1,200+ page PDF, which include links.

Download Now

C3-1-02, Preparing to Pool Loans into MBS (05/01/2019)

Introduction

This topic provides information on the steps lenders need to take before they can obtain MBS commitments and pool loans into MBS, including:

 

Obtaining Approval to Deliver MBS Loans

A lender must obtain approval for MBS execution and access to Fannie Mae’s MBS committing application before it can deliver mortgages into a single-lender MBS pool or a Fannie Majors.

Fannie Mae considers a number of factors prior to offering MBS execution to a lender. These factors include, but are not limited to, the following:

  • the expertise of the lender’s management in securitization,

  • whether the lender’s operational processes support MBS delivery and servicing requirements,

  • the lender’s ability to manage and maintain a delivery process that ensures the delivery of accurate data to Fannie Mae,

  • the lender’s prepayment speeds, and

  • the lender’s performance against outstanding Fannie Mae obligations.

Fannie Mae does not accept requests for MBS execution from lenders whose selling or servicing privileges have been suspended or that have not performed satisfactorily under other MBS commitments or contracts.

 

Selecting a Document Custodian

Lenders must select an eligible document custodian and have an executed Master Custodial Agreement (Form 2017) in place before obtaining an MBS commitment (see A3-3-04, Document Custodians). The document custodian certifies, takes and retains actual physical possession of the custodial documents for the mortgages. Also, see the RDC guide for document custodian eligibility criteria, and Fannie Mae's Active Document Custodians for a complete list of eligible custodians.

Have You Tried Ask Poli?

Poli knows. Just ask.

Ask Poli features exclusive Q&As and
more—plus official Selling & Servicing
Guide
content.

Try Ask Poli

Related Articles


AskPoli

Customers Recommend Ask Poli

If you have additional questions, Fannie Mae customers can visit Ask Poli to get information from other Fannie Mae published sources.

Guide Resources

For a comprehensive list of resources such as access forms, announcements, lender letters, notices and more.

Visit Selling and Servicing Guide Communications and Forms

X
Having Issues with Seeing this Page Correctly?

Use Firefox or Chrome   How to do a hard refresh in Internet Explorer
We recommend that you use the latest version of FireFox or Chrome.

Download Firefox
Download Chrome
  A hard refresh will clear the browsers cache for a specific page and force the most recent version of a page.
    Hold the Ctrl key and press the F5 key.
     

Email Us
If you still have Technical Support questions, feel free to emailAsk_Poli@fanniemae.com.