source:
  type: guide
  id: fnma-sel-b1-1-01
  authority: Fannie Mae Selling Guide B1-1-01 — Contents of the Application Package
  description: Fannie Mae Selling Guide B1-1-01 — Contents of the Application Package.
  coverage_tier: operative
obligations:
- id: fnma-sel-b1-1-01-full
  canonical_id: fnma-sel-b1-1-01-full
  section: Fannie Mae Selling Guide B1-1-01 — Contents of the Application Package
  type: do
  tags:
  - regulator-direct
  - fnma
  - selling-guide
  - corpus-expansion
  - tier-operative
  primary_source:
    tier: 1
    authority: Fannie Mae Selling Guide B1-1-01 — Contents of the Application Package
    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: 'B1-1-01, Contents of the Application Package (05/01/2024) Introduction
      This topic contains information on the contents of the application package,
      including: Documenting the Loan Application Requirements for the Loan Application
      Package Uniform Underwriting and Transmittal Summary and DU Underwriting Analysis
      Report Documenting the Loan Application A loan application must be documented
      on the Uniform Residential Loan Application (Form 1003). A complete, signed,
      and dated version of the ﬁnal Form 1003 must always be included in the loan
      ﬁle. The ﬁnal Form 1003 must reﬂect the income, assets, debts, and ﬁnal loan
      terms used in the underwriting process. (See B3-2-10, Accuracy of DU Data, DU
      Tolerances, and Errors in the Credit Report for additional information about
      ensuring DU data accuracy and tolerances.) If either the note or the security
      instrument and the ﬁnal Form 1003 will be executed pursuant to a power of attorney
      in accordance with this Guide, then the initial Form 1003 must be personally
      signed by the borrower (except as provided below) and included in the loan ﬁle.
      See B8-2-03, Signature Requirements for Security Instruments, B8-3-03, Signature
      Requirements for Notes, and B8-5-05, Requirements for Use of a Power of Attorney,
      for additional information. However, a power of attorney may be used to execute
      both the initial and ﬁnal Form 1003 in any of the following circumstances: Published
      May 6, 2026 150 a borrower is on military service with the United States armed
      forces serving outside the United States or deployed aboard a United States
      vessel, as long as the power of attorney expressly states an intention to secure
      a loan on a speciﬁc property, or complies with the requirements under the VA
      Lender’s Handbook relating to powers of attorney for VA-insured mortgage loans,
      the attorney-in-fact or agent signs the security instrument in their personal
      capacity with regard to their individual ownership interest in the mortgaged
      property; or the lender determines such use is required by applicable law. Note:
      The terms “loan application” and “Form 1003” generally mean the same thing in
      this Guide. The term “online loan application” refers to the DU user interface
      (or the lender’s loan origination system) where data is collected from the Form
      1003, in addition to other loan data used in underwriting. Requirements for
      the Loan Application Package The table below provides the requirements for the
      loan application package. ✓ The loan application package must include … A complete,
      signed, and dated version of the ﬁnal Form 1003 (per the above requirements).
      A copy of the ratiﬁed sales agreement, if applicable. A copy of the borrower
      reconsideration of value (ROV) disclosure described in B4-1.3-12, Appraisal
      Quality Matters, if applicable. A copy of the Supplemental Consumer Information
      Form (Form 1103). Escrow/closing or settlement instructions, if applicable.
      Any other information or documentation used to verify, clarify, or substantiate
      information in the borrower’s application. All other documentation that was
      used to make a prudent underwriting decision, including (but not limited to)
      the credit report, property appraisal and inspection reports, and project documents.
      Note: Any available technology may be used to produce copies of the documents
      in the loan ﬁle, such as a photocopier, facsimile machine, document scanner,
      or camera. Copies of documents provided by the borrower may be photos or scanned
      versions of the original documents and can be delivered to Published May 6,
      2026 151 the lender in hardcopy or via email or other electronic means. See
      Chapter A2-4: Loan Files and Records for additional information about the loan
      ﬁle. Uniform Underwriting and Transmittal Summary and DU Underwriting Analysis
      Report The Uniform Underwriting and Transmittal Summary (Form 1008) summarizes
      key data from the loan application package. Lenders use this information in
      reaching the underwriting decision. Form 1008 (or a similar document) must be
      retained in the mortgage ﬁle for manually underwritten mortgage loans. Lenders
      may, but are not required to, retain Form 1008 for loans underwritten with DU.
      For loans underwritten with DU, the ﬁnal DU Underwriting Analysis Report must
      be retained in the mortgage ﬁle. Recent Related Announcements The table below
      provides references to recently issued Announcements that are related to this
      topic. Announcements Issue Date Announcement SEL-2024-03 May 01, 2024 Announcement
      SEL-2022-10 December 14, 2022 Announcement SEL-2022-09 October 05, 2022 Announcement
      SEL-2022-05 June 01, 2022 Announcement SEL-2020-07 December 16, 2020 Announcement
      SEL-2019-05 June 05, 2019 Announcement SEL-2019-03 April 03, 2019 Published
      May 6, 2026 152'
  judgment: false
