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

✅ Selling Guide Updates (June 2021)

Selling Guide Announcement (SEL-2021-05)

Jun 2, 2021

The Selling Guide has been updated to include changes to the following:  

View the list of impacted topics. 

Click here to access the PDF version of the Jun 2, 2021 Selling Guide. 

 

Remote ink-signed notarization

The Selling Guide did not previously contain any notarization standards though we published temporary guidance as a result of the COVID-19 pandemic. However, we have always required lenders to comply with all laws, under which notarization would normally fall. With the increase in audio-visual aided notarizations, both for remote online and RIN, we are taking the opportunity to establish broad notarization requirements, including the following: 

  • Notarization must be in accordance with and in compliance with laws and regulations of the state.
  • When not required by law (but required by our policies), notarization must be recognized as valid by the law of the state where the property is located or where the notary is registered and acting under notarial authority of that jurisdiction.
  • Notarizations are acceptable when conducted outside of the U.S. if it complies with the laws of the jurisdiction in which it is performed or contains an apostille certification.
  • Additionally, we are adding requirements that are specific to RIN as a subset of these general standards. 

Effective: Lenders may continue to follow the requirements in the Remote Ink-Signed Notarization (RIN) Job Aid until Jul. 1, 2021, at which time the job aid will be retired. Alternatively, lenders may follow the new requirements in the Selling Guide immediately but must follow them for all loans that use RIN on or after Jul. 1, 2021.

 

Electronic submission via loan delivery

Loan data for all mortgages must be electronically transmitted to us using Loan Delivery, a Web-based application that allows lenders to deliver whole loans for purchase and MBS loans for securitization to us.  We have clarified the timing expectation for a clean loan file through final editing in Loan Delivery.  Loans may only be submitted and purchased in Loan Delivery if they are clear of all fatal edits. Loans are subject to all fatal edits in Loan Delivery throughout the submission, loan document certification and acquisition purchase process. If a loan encounters a fatal edit the fatal edit must be resolved for us to acquire the loan.

 

Clarification of correction and modification policy

Currently, the Guide uses the term “modification” to describe both material modifications to the note and clerical corrections to the note. To avoid confusion with modification agreements, which are typically intended to modify material terms of the note in connection with a subsequent material change, we have clarified that loans with technical or typographical corrections are not considered to be modified loans.
 

 Impacted Topics

Section of the Announcement Updated Selling Guide Topics (Dated June 02, 2021)
Remote ink-signed notarization
Electronic submission via loan delivery
Clarification of correction and modification policy

Lenders may also contact their Fannie Mae Account Team if they have questions about this Announcement. 

 

We want your feedback! Click here to take a short survey and provide feedback on this Announcement (SEL-2021-05)!

 

 

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.