Fannie Mae Path to Approval Toolkit Updated
Investor Update
October 21, 2015
The Path to Approval Toolkit has been updated in connection with Servicing Guide Announcement SVC-2015-08, Servicer Eligibility and Oversight Requirements. The easy-to-use reference guide on how to become a Fannie Mae Seller/Servicer now includes the most recent requirements on net worth and liquidity. The following are among the new requirements that become effective on Dec. 31, 2015:
- Approved sellers/servicers must maintain a Lender Adjusted Net Worth of at least $2.5 million, plus a dollar amount that represents 0.25% of the UPB of the total portfolio of mortgage loans serviced.
- Approved non-depository seller/servicers must have and maintain a minimum liquidity requirement based on the Agency Serious Delinquent Rate (SDQ), as described in the Guides.
Source: Fannie Mae