source:
  type: guide
  id: fnma-sel-d1-1-03
  authority: Fannie Mae Selling Guide D1-1-03 — Lender Quality Control Reporting
  description: Fannie Mae Selling Guide D1-1-03 — Lender Quality Control Reporting.
  coverage_tier: operative
obligations:
- id: fnma-sel-d1-1-03-full
  canonical_id: fnma-sel-d1-1-03-full
  section: Fannie Mae Selling Guide D1-1-03 — Lender Quality Control Reporting
  type: do
  tags:
  - regulator-direct
  - fnma
  - selling-guide
  - corpus-expansion
  - tier-operative
  primary_source:
    tier: 1
    authority: Fannie Mae Selling Guide D1-1-03 — Lender Quality Control Reporting
    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: 'D1-1-03, Lender Quality Control Reporting (04/01/2026) Introduction
      This topic contains requirements for lender QC reporting, including elements
      required for all reports, prefunding and post-closing. Reporting Requirements
      for All Quality Control Reporting Prefunding Reporting Requirements Post-closing
      Reporting Requirements Reporting Requirements for All Quality Control Reporting
      Although Fannie Mae does not specify an exact format for reports, the lender
      must design reports that are useful to management for evaluating and monitoring
      the quality of the lender''s loan production. The lender must provide Fannie
      Mae with a copy of its QC reports upon request. At a minimum, the lender''s
      reporting must: be in writing and shared with management monthly; summarize
      results into a comprehensive, summary report of all QC ﬁndings; communicate
      defects to responsible parties (that is, lender departments or business units);
      and use consistent methodology and terminology, including defect categories
      and severity levels. Prefunding Reporting Requirements Prefunding reports must,
      at a minimum, include: Published May 6, 2026 1045 the date the report was published;
      a description of each sample selection, including the sample criteria, number
      of loans reviewed, and percentage of total eligible loans reviewed; summaries
      of the results of all random, discretionary, and component reviews; summaries
      of monthly third-party originations, including random, discretionary, and component
      reviews, if applicable; defect trending for at least three months; and shared
      with management within 30 days of completion. Post-closing Reporting Requirements
      Post-closing reports must, at a minimum, include: the date the report was published;
      a description of each sample selection, including the sampling criteria, number
      of loans reviewed, and percentage of total eligible loans reviewed; summaries
      of the results of all random, discretionary, and component reviews; summaries
      of monthly third-party originations, including random, discretionary, and component
      reviews, if applicable; defect trending for at least three months; and data
      for the highest severity classiﬁcation defect rate, benchmarked against its
      deﬁned target rate, at least quarterly, as described in D1-1-01, Lender Quality
      Control Programs, Plans, and Processes. In addition, post-closing reports must
      distinguish between defects related to compliance with applicable law and underwriting
      and eligibility defects, and include the ﬁnal results of the 10% QC vendor review
      described in D1-1-02, Lender Quality Control Staﬃng and Outsourcing of the Quality
      Control Process, if applicable. Recent Related Announcements The table below
      provides references to recently issued Announcements that are related to this
      topic. Announcements Issue Date Announcement SEL-2026-03 April 01, 2026 Announcement
      SEL-2025-04 June 04, 2025 Chapter D1-2, Lender Prefunding QC Mortgage Review
      Introduction This chapter explains the requirements for a lender’s prefunding
      QC review process. It addresses the timing of ﬁle reviews and the process for
      selecting loans by various review types. Published May 6, 2026 1046'
  judgment: false
