source:
  type: guide
  id: fnma-sel-a3-3-05
  authority: Fannie Mae Selling Guide A3-3-05 — Custody of Mortgage Documents
  description: Fannie Mae Selling Guide A3-3-05 — Custody of Mortgage Documents.
  coverage_tier: operative
obligations:
- id: fnma-sel-a3-3-05-full
  canonical_id: fnma-sel-a3-3-05-full
  section: Fannie Mae Selling Guide A3-3-05 — Custody of Mortgage Documents
  type: do
  tags:
  - regulator-direct
  - fnma
  - selling-guide
  - corpus-expansion
  - tier-operative
  primary_source:
    tier: 1
    authority: Fannie Mae Selling Guide A3-3-05 — Custody of Mortgage Documents
    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: 'A3-3-05, Custody of Mortgage Documents (05/04/2022) Introduction
      This topic contains information on the custody of mortgage documents, including:
      Overview of Custodian Documents Release of Custodial Documents Transfer and
      Recertiﬁcation of Custodial Documents Overview of Custodian Documents Custodial
      documents are the legal mortgage documents an approved document custodian takes
      into physical custody when Fannie Mae purchases or securitizes a loan. The following
      documents are key custodial documents for whole loans and MBS loans. All other
      documents may be held in the individual loan ﬁle maintained by the seller/servicer.
      ✓ Type of Document Original note and note addenda Other documents needed for
      certiﬁcation of whole loans or certiﬁcation for inclusion in an MBS pool such
      as • powers of attorney, and • interest rate buydown agreements See E-2-01,
      Required Custodial Documents for additional documentation requirements. Release
      of Custodial Documents The document custodian must not release custodial documents
      for either whole loans or MBS loans unless it receives a written request (including
      in electronic form) containing substantially the same information as required
      by Request for Release/Return of Documents (Form 2009). Transfer and Recertiﬁcation
      of Custodial Documents The servicer of any Fannie Mae loan may transfer related
      custodial documents to any document custodian with which it has executed a Master
      Custodial Agreement (Form 2017). The servicer must send a request to Fannie
      Mae’s Custodian Oversight team and include the name of the transferor and transferee
      custodians and the list of loans requested for transfer (see E-1-02, List of
      Contacts). Fannie Mae will provide approval for the transfer, which the servicer
      will be responsible for providing to the transferee and transferor document
      custodians. The Published May 6, 2026 119 servicer must make appropriate arrangements
      for the safe transfer of the custodial documents to the new custodian’s facilities
      and for the payment of all costs related to the transfer. Recertiﬁcation of
      custodial documents is required when there is a transfer of documents by the
      existing servicer to a new document custodian, or servicing (whether or not
      there is a change in document custodian). If a transferee servicer does not
      want to use the same document custodian that has been holding custodial documents
      for loans included in a servicing transfer, it must inform Fannie Mae of the
      change in document custodian arrangements when it sends the Request for Approval
      of Servicing or Subservicing Transfer (Form 629). The transferee servicer should
      not submit a custodial agreement executed by the new document custodian(s) until
      after it receives notiﬁcation that the servicing transfer has been approved.
      The transferor servicer must provide the existing document custodian and the
      new document custodian with a data ﬁle that provides certain loan-level information
      for each loan for which custodial documents are being transferred. The servicer
      must include the documentation in a separate loan ﬁle for each loan being transferred.
      When the servicer sends individual ﬁles, it should band (or box) them together
      with the trial balance to ensure that the new document custodian can associate
      the documents with what is delivered in each box. Recent Related Announcements
      The table below provides references to recently issued Announcements that are
      related to this topic. Announcements Issue Date Announcement SEL- 2022-04 May
      04, 2022 Announcement SEL-2019-04 May 01, 2019 Chapter A3-4, Lending Practices
      Introduction This chapter includes information on Fannie Mae’s requirements
      related to data delivery, data quality, and the handling of conﬁdential information.
      It also contains the steps that approved lenders must take to prevent, detect,
      and report mortgage fraud.'
  judgment: false
