source:
  type: guide
  id: fnma-sel-c2-1.3-01
  authority: Fannie Mae Selling Guide C2-1.3-01 — Servicing Marketplace
  description: Fannie Mae Selling Guide C2-1.3-01 — Servicing Marketplace.
  coverage_tier: operative
obligations:
- id: fnma-sel-c2-1.3-01-full
  canonical_id: fnma-sel-c2-1.3-01-full
  section: Fannie Mae Selling Guide C2-1.3-01 — Servicing Marketplace
  type: do
  tags:
  - regulator-direct
  - fnma
  - selling-guide
  - corpus-expansion
  - tier-operative
  primary_source:
    tier: 1
    authority: Fannie Mae Selling Guide C2-1.3-01 — Servicing Marketplace
    source_class: fnma-guide
    source_url: https://singlefamily.fanniemae.com/media/document/pdf/selling-guide
    snapshot_id: 5f7b8b79da595d76
    fetched_at: '2026-05-25T14:09:57Z'
    content_hash: sha256:98cf85a02861bbe84914a0e339b327c8fc131869a8a573882007bbeea60c5701
    paragraph_quote: 'C2-1.3-01, Servicing Marketplace (03/03/2021) Introduction This
      topic describes the process for concurrent sale of servicing using the Servicing
      Marketplace component of Fannie Mae’s whole loan committing application, including:
      Concurrent Sale of Servicing Relationship Between Lenders and Servicers No Recourse
      to Fannie Mae Number of Servicers in Servicing Marketplace Concurrent Sale of
      Servicing Lenders may retain, release, or sell the servicing rights associated
      with the loans they deliver to Fannie Mae. Lenders may execute a concurrent
      transfer of servicing via Fannie Mae’s whole loan committing application with
      either a best eﬀorts or a mandatory commitment. By participating in the servicing-released
      component of the whole loan committing application, known as Servicing Marketplace,
      lenders may arrange for a concurrent sale of the servicing to an approved Fannie
      Mae servicer. See A3-3-02, Concurrent Servicing Transfers, for approval requirements
      and additional information. All transfers of servicing using Servicing Marketplace
      must comply with this Guide and all applicable laws. The procedures and documentation
      required for a transfer of servicing are set out in the servicing transfer instructions
      available directly from the associated Servicing Marketplace transferee servicer.
      A lender''s rights and obligations related to a committed loan for which the
      lender has sold the servicing are as set forth in the Mortgage Selling and Servicing
      Contract and the Selling and Servicing Guides, and use of the whole loan committing
      application in no way alters a lender''s obligations to Fannie Mae with respect
      to such loans. Relationship Between Lenders and Servicers Lenders and servicers
      using Servicing Marketplace must execute a purchase and sale agreement that
      governs the sale of servicing rights between lenders and servicers as provided
      herein, or lenders and servicers will be subject to the terms and conditions
      of the mortgage loan purchase and sale agreement set forth in E-2-05, Servicing
      Marketplace — Mortgage Loan Servicing Purchase and Sale Agreement. No Recourse
      to Fannie Mae Servicers are encouraged to use the Servicing Marketplace rate
      sheet to establish the price they will pay a seller for servicing. Fannie Mae''s
      calculation of the net SRP and the net funding SRP using the servicer’s rate
      sheet is based on unpaid principal balance, escrow funds, and other loan information
      submitted by the lender at loan delivery. Fannie Mae accepts no responsibility
      for the accuracy or completeness of such information and is entitled to rely
      on such information in calculating the net SRP and, if the servicer uses the
      “All-In Funding” Published May 6, 2026 962 feature of Servicing Marketplace,
      in collecting an amount equal to the net funding SRP from the servicer and remitting
      it to the lender on behalf of the servicer (or in deducting an amount equal
      to any negative net funding SRP from the acquisition proceeds and remitting
      it to the active servicer). Lenders will have no recourse to Fannie Mae if issues
      arise with any of the following: the accuracy or completeness of the information
      used to calculate the net SRP or the net funding SRP; the accuracy and completeness
      of any information that the lender obtains from the whole loan committing application
      and uses or relies upon in any way; the lender''s sale (or attempted sale) of
      servicing to the servicer (other than the calculation, collection, and remittance
      of the net funding SRP and transfer of certain data to the servicer); or the
      servicing obligations and obligations relating to escrow funds. Number of Servicers
      in Servicing Marketplace Fannie Mae may increase or decrease the number of servicers
      that participate in Servicing Marketplace at any time. Recent Related Announcements
      The table below provides references to recently issued Announcements that are
      related to this topic. Announcements Issue Date Announcement SEL-2021-02 March
      03, 2021 Announcement SEL-2019-09 December 04, 2019 Chapter C2-2, Whole Loan
      Deliveries to and Purchasing by Fannie Mae Introduction Whether selling whole
      loans to Fannie Mae under the terms of a mandatory, best eﬀorts or converted
      ARM resale commitment, lenders receive the sale proceeds when they have made
      “good delivery.” This means that the mortgages delivered meet all of Fannie
      Mae’s underwriting and legal criteria and satisfy the terms of the commitment
      under which they are being delivered. This chapter provides information on the
      lender’s requirements for making good delivery and the policies and procedures
      Fannie Mae uses to fund Fannie Mae’s purchases. See C1-2-02, Loan Data and Documentation
      Delivery Requirements, for general information about this subject. Published
      May 6, 2026 963'
  judgment: false
