source:
  type: regulation
  id: fnma-svc-b1-01
  authority: "FNMA Servicing Guide B-1-01 — Administering an Escrow Account and Paying Expenses"
  description: 'FNMA Servicing Guide B-1-01 governs escrow account administration:

    monitoring status of escrow and related charges (taxes, hazard/flood

    insurance, MI premiums, ground rents, HOA assessments), timely

    payment before penalty/termination dates, maximum-discount payment

    timing, escrow-waiver no-solicitation rule, and MIP-escrow-may-not-

    be-waived rule. Fills FNMA Servicing B-1 chapter gap.

    '
obligations:
- id: fnma-svc-b1-01-monitor-escrow-and-related-charges
  canonical_id: fnma-svc-b1-01-monitor-escrow-and-related-charges
  section: "FNMA Servicing Guide B-1-01 — Monitor escrow and related charges"
  description: "[LENDER] (servicer) shall monitor the status of all escrow and\nrelated charges — including property and flood insurance premiums,\nmortgage insurance premiums, real estate taxes, ground rents,\nregular and special HOA/PUD/condo assessments, co-op corporation\nfees, local government and public utility assessments, and any\nother charges that can attain priority over Fannie Mae's mortgage\nlien — WITHOUT REGARD to whether the loan has an escrow account.\nThe monitoring duty exists for first-lien escrowed AND non-escrowed\nloans, plus second-lien escrowed loans.\n"
  type: do
  audit_question: "Can [LENDER] evidence (via servicing-system tax/insurance trackers, lien-protection records, and exception logs) ongoing monitoring of all escrow-and-related charges — including for non-escrowed loans where the duty still applies?"
  workflow_phase: general_servicing_ops
  owner_role: chief_servicing_officer
  secondary_owner_role: escrow_administrator
  cadence: continuous
  consequence: Missed tax/insurance/lien-priority charges expose [LENDER] to FNMA reps-and-warranties claims and lien-priority loss.
  tags:
  - round-d
  - regulator-direct
  - fnma
  - servicer-operations
  - escrow-administration
  - lien-protection
  - promoted
  primary_source:
    tier: 1
    authority: "FNMA Servicing Guide B-1-01 — Overview"
    source_class: fnma-guide
    source_url: https://singlefamily.fanniemae.com/media/document/pdf/servicing-guide
    snapshot_id: f662f911b3ddaf1d
    fetched_at: '2026-05-25T14:09:40Z'
    content_hash: sha256:89df66c43baad07f8a8dd9d224492fff7d15e8839edba02ad0e74c7e50fe5da3
    paragraph_quote: 'monitoring the status of all escrow and related charges

      '
    drafter_attestation: 'Copied verbatim from snapshot f662f911b3ddaf1d. B-1-01 monitor-

      escrow-and-related-charges operative phrase. Enumerated charge

      list (property/flood insurance, MI, taxes, ground rents, HOA, etc.)

      paraphrased in description.

      '
  promoted_at: '2026-05-25T18:48:24+00:00'
  promoted_from: fnma-svc-b1-01-roundd-v1.yaml
  program_review: Does the program ensure monitoring of all escrow/related charges (property/flood/MI premiums, taxes, ground rents, HOA/PUD/condo and co-op fees, government/utility assessments, other priority charges) without regard to whether the loan is escrowed — including non-escrowed first-lien and second-lien escrowed loans?
  file_review: Sample escrowed and non-escrowed loans; confirm monitoring of all escrow/related charges via tax/insurance trackers and exception logs.
  judgment: false
  feeds:
  - fnma-svc-b1-01-timely-payment-before-penalty
- id: fnma-svc-b1-01-timely-payment-before-penalty
  canonical_id: fnma-svc-b1-01-timely-payment-before-penalty
  section: "FNMA Servicing Guide B-1-01 — Timely payment of escrow charges before penalty/termination"
  description: 'When a mortgage loan has an escrow account, [LENDER] (servicer)

    shall ensure the timely payment of all escrow and related charges

    before any applicable penalty or termination date. Late payment

    exposing the borrower to penalty interest or coverage lapse is

    a servicing failure.

    '
  type: do
  audit_question: Can [LENDER] evidence for every escrowed loan that escrow charges (taxes, insurance, MI, ground rents, assessments) are paid before applicable penalty or termination dates, including escrow-payment exception logs?
  workflow_phase: general_servicing_ops
  owner_role: escrow_administrator
  secondary_owner_role: chief_servicing_officer
  cadence: continuous
  consequence: "Late escrow payments trigger penalty interest, insurance lapse, tax-sale risk — and FNMA reps-and-warranties claims."
  tags:
  - round-d
  - regulator-direct
  - fnma
  - servicer-operations
  - escrow-administration
  - timely-payment
  - promoted
  primary_source:
    tier: 1
    authority: "FNMA Servicing Guide B-1-01 — Overview"
    source_class: fnma-guide
    source_url: https://singlefamily.fanniemae.com/media/document/pdf/servicing-guide
    snapshot_id: f662f911b3ddaf1d
    fetched_at: '2026-05-25T14:09:40Z'
    content_hash: sha256:89df66c43baad07f8a8dd9d224492fff7d15e8839edba02ad0e74c7e50fe5da3
    paragraph_quote: 'ensure the timely payment of all escrow and related charges before any applicable penalty or termination date

      '
    drafter_attestation: 'Copied verbatim from snapshot f662f911b3ddaf1d. B-1-01 timely-

      payment operative requirement.

      '
  promoted_at: '2026-05-25T18:48:24+00:00'
  promoted_from: fnma-svc-b1-01-roundd-v1.yaml
  program_review: Does the program ensure, for escrowed loans, timely payment of all escrow/related charges before applicable penalty or termination dates?
  file_review: For escrowed loans, confirm escrow charges were paid before penalty/termination dates; review exception logs.
  judgment: false
- id: fnma-svc-b1-01-no-solicit-borrower-escrow-waiver
  canonical_id: fnma-svc-b1-01-no-solicit-borrower-escrow-waiver
  section: "FNMA Servicing Guide B-1-01 — No solicitation of borrower to waive escrow"
  description: '[LENDER] (servicer) shall NOT solicit a borrower with an offer to

    waive the escrow account requirements. [LENDER] is authorized to

    evaluate a borrower-initiated waiver request subject to the FNMA

    waiver-eligibility criteria (prior modification disqualification,

    12-month delinquency disqualification, 24-month 60+day delinquency

    disqualification, 80%+ LTV-of-original-appraised-value

    disqualification, etc.), but the initiation must come from the

    borrower, not [LENDER].

    '
  type: refrain
  audit_question: Can [LENDER] evidence (via servicing call scripts, mail-piece templates, and outreach inventories) that no borrower has been solicited with an offer to waive escrow requirements? Are borrower-initiated waiver requests separately logged?
  workflow_phase: general_servicing_ops
  owner_role: chief_servicing_officer
  secondary_owner_role: compliance_officer
  cadence: continuous
  consequence: Servicer-initiated escrow-waiver solicitation is a FNMA Servicing Guide breach.
  tags:
  - round-d
  - regulator-direct
  - fnma
  - servicer-operations
  - escrow-waiver
  - no-solicitation
  - promoted
  primary_source:
    tier: 1
    authority: "FNMA Servicing Guide B-1-01 — Waiving Escrow Account Requirements"
    source_class: fnma-guide
    source_url: https://singlefamily.fanniemae.com/media/document/pdf/servicing-guide
    snapshot_id: f662f911b3ddaf1d
    fetched_at: '2026-05-25T14:09:40Z'
    content_hash: sha256:89df66c43baad07f8a8dd9d224492fff7d15e8839edba02ad0e74c7e50fe5da3
    paragraph_quote: 'The servicer must not solicit a borrower with an

      '
    drafter_attestation: "Copied verbatim from snapshot f662f911b3ddaf1d. B-1-01 no-\nsolicitation operative clause headline. Quote truncated before\n\"oﬀer\" (U+FB00 ff-ligature in PDF extraction). Eligibility criteria\nfor borrower-initiated waivers paraphrased in description.\n"
  promoted_at: '2026-05-25T18:48:25+00:00'
  promoted_from: fnma-svc-b1-01-roundd-v1.yaml
  program_review: Does the program ensure no borrower is solicited with an offer to waive escrow, while still allowing evaluation of borrower-initiated waiver requests against FNMA eligibility criteria?
  file_review: Review call scripts, mail templates, and outreach inventories; confirm no escrow-waiver solicitation, and that borrower-initiated waiver requests are separately logged.
  judgment: false
- id: fnma-svc-b1-01-no-mip-escrow-waiver-monthly
  canonical_id: fnma-svc-b1-01-no-mip-escrow-waiver-monthly
  section: "FNMA Servicing Guide B-1-01 — MIP escrow may not be waived for monthly-premium loans"
  description: '[LENDER] (servicer) shall NOT waive the individual escrow

    requirement for Mortgage Insurance Premiums (MIPs) when the

    premiums are paid monthly. MI premium escrowing is mandatory

    under monthly-MI loans irrespective of other escrow waivers.

    '
  type: refrain
  audit_question: For every loan with monthly-paid MI, can [LENDER] evidence that the MIP escrow is collected and that no waiver of the MIP-escrow component has been granted?
  workflow_phase: general_servicing_ops
  owner_role: escrow_administrator
  secondary_owner_role: compliance_officer
  cadence: per-monthly-mi-loan
  consequence: Waiver of monthly MIP escrow is a FNMA Servicing Guide breach; MI lapse exposure.
  tags:
  - round-d
  - regulator-direct
  - fnma
  - servicer-operations
  - mip-escrow
  - mandatory-escrow
  - promoted
  primary_source:
    tier: 1
    authority: "FNMA Servicing Guide B-1-01 — Waiving Escrow Account Requirements (MIP exception)"
    source_class: fnma-guide
    source_url: https://singlefamily.fanniemae.com/media/document/pdf/servicing-guide
    snapshot_id: f662f911b3ddaf1d
    fetched_at: '2026-05-25T14:09:40Z'
    content_hash: sha256:89df66c43baad07f8a8dd9d224492fff7d15e8839edba02ad0e74c7e50fe5da3
    paragraph_quote: 'The servicer may not waive the individual escrow requirement for MIPs when the premiums are paid monthly.

      '
    drafter_attestation: 'Copied verbatim from snapshot f662f911b3ddaf1d. B-1-01 no-MIP-

      escrow-waiver-monthly operative requirement.

      '
  promoted_at: '2026-05-25T18:48:25+00:00'
  promoted_from: fnma-svc-b1-01-roundd-v1.yaml
  program_review: Does the program ensure the MIP escrow is never waived where MI premiums are paid monthly?
  file_review: For monthly-MI loans, confirm MIP escrow is collected and no MIP-escrow waiver was granted.
  judgment: false
- id: fnma-svc-b1-01-maintain-accurate-records-escrow-charges
  canonical_id: fnma-svc-b1-01-maintain-accurate-records-escrow-charges
  section: "FNMA Servicing Guide B-1-01 — Maintain accurate records on escrow and related charges"
  description: '[LENDER] (servicer) shall protect Fannie Mae''s mortgage lien and

    the property securing the mortgage loan by maintaining accurate

    records on the status of all escrow and related charges. The

    record-keeping duty supports audit, investor-reporting, and

    lien-priority defense.

    '
  type: do
  audit_question: "Can [LENDER] produce escrow-charge tracking records (per loan, per charge type, per payment cycle) demonstrating accurate status data — and reconcile those records against actual tax/insurance/MI/HOA payment histories?"
  workflow_phase: general_servicing_ops
  owner_role: escrow_administrator
  secondary_owner_role: chief_servicing_officer
  cadence: continuous
  consequence: Inaccurate escrow records surface in QC audits; impair lien-priority defense and FNMA reporting.
  tags:
  - round-d
  - regulator-direct
  - fnma
  - servicer-operations
  - escrow-records
  - audit-trail
  - promoted
  primary_source:
    tier: 1
    authority: "FNMA Servicing Guide B-1-01 — Overview"
    source_class: fnma-guide
    source_url: https://singlefamily.fanniemae.com/media/document/pdf/servicing-guide
    snapshot_id: f662f911b3ddaf1d
    fetched_at: '2026-05-25T14:09:40Z'
    content_hash: sha256:89df66c43baad07f8a8dd9d224492fff7d15e8839edba02ad0e74c7e50fe5da3
    paragraph_quote: 'maintaining accurate records on the status of all escrow and related charges

      '
    drafter_attestation: 'Copied verbatim from snapshot f662f911b3ddaf1d. B-1-01 maintain-

      accurate-escrow-records operative phrase.

      '
  promoted_at: '2026-05-25T18:48:25+00:00'
  promoted_from: fnma-svc-b1-01-roundd-v1.yaml
  program_review: Does the program ensure accurate records on the status of all escrow/related charges to protect FNMA's lien and support audit/investor-reporting?
  file_review: Pull escrow-charge tracking records (per loan/charge/cycle); reconcile against actual tax/insurance/MI/HOA payment histories.
  judgment: false
_promotion_history:
- promoted_at: '2026-05-25T18:48:25+00:00'
  candidate_path: obligations\_remediation\round-d-investor-guides\fnma-svc-b1-01-roundd-v1.yaml
  candidates_promoted: 5
  candidates_skipped_existing: 0
