source:
  type: guide
  id: fnma-svc-f-1-11
  authority: Fannie Mae Servicing Guide F-1-11 — Post-Delivery Servicing Transfers
  description: Fannie Mae Servicing Guide F-1-11 — Post-Delivery Servicing Transfers.
  coverage_tier: operative
obligations:
- id: fnma-svc-f-1-11-full
  canonical_id: fnma-svc-f-1-11-full
  section: Fannie Mae Servicing Guide F-1-11 — Post-Delivery Servicing Transfers
  type: do
  tags:
  - regulator-direct
  - fnma
  - servicing-guide
  - corpus-expansion
  - tier-operative
  primary_source:
    tier: 1
    authority: Fannie Mae Servicing Guide F-1-11 — Post-Delivery Servicing Transfers
    source_class: fnma-guide
    source_url: https://singlefamily.fanniemae.com/media/document/pdf/servicing-guide
    snapshot_id: cf63a82bbb4adfba
    fetched_at: '2026-05-22T23:53:19Z'
    content_hash: sha256:89df66c43baad07f8a8dd9d224492fff7d15e8839edba02ad0e74c7e50fe5da3
    paragraph_quote: 'F-1-11, Post-Delivery Servicing Transfers (05/13/2026) Introduction
      This Servicing Guide Procedure includes the following: Requesting Fannie Mae
      Approval Special Notiﬁcations to the Transferee Servicer Published May 13, 2026
      594 Notifying Third Parties Transfer of Individual Mortgage Loan Files and Portfolio
      Information Submission of Final Accounting Reports/Remittances Preparing Mortgage
      Loan Assignments Transfer of Custodial Documents Requesting Fannie Mae Approval
      Transfer of Mortgage Loans As required in Requesting Fannie Mae Approval in
      A2-7-03, Post-Delivery Servicing Transfers, the servicer must submit the appropriate
      information to request Fannie Mae’s approval of the transfer of servicing, including
      servicing transfers involving a subservicer. When requesting approval to transfer
      servicing, the transferor or transferee servicer or subservicer must submit
      a fully completed Request for Approval of Servicing or Subservicing Transfer
      (Form 629). The submission is required at least 60 days before the earlier of
      proposed sale or transfer date for servicing transfers, and at least 30 days
      before the earlier of proposed sale or transfer date for subservicing transfers.
      The servicer must include the transfer and sale dates on Form 629. The transfer
      date refers to the date on which the physical transfer of the servicing (or
      subservicing) responsibilities from the transferor servicer (or subservicer,
      as the case may be) to the transferee servicer (or subservicer) occurs. It may
      not necessarily be the same date as the sale date identiﬁed in a servicing transfer
      agreement. The sale date is the date on which the ownership of the servicing
      rights and the legal liability for the servicing of the Fannie Mae mortgage
      loans transfer from one servicer to another. Note: While Fannie Mae requires
      the transferring parties to identify the sale date associated with a servicing
      transfer, Fannie Mae’s approval will only be issued as to the transfer date.
      Special Notiﬁcations to the Transferee Servicer As required in Obligations of
      the Transferor and Transferee Servicers and Special Notiﬁcations to the Transferee
      Servicer in A2-7-03, Post-Delivery Servicing Transfers, the transferor servicer
      must provide special notiﬁcation to the transferee servicer when a transfer
      of servicing includes the following: an eMortgage, or a mortgage loan subject
      to a resale restriction agreement or a shared equity transaction agreement regardless
      of whether the restrictions survive foreclosure or acceptance of a Mortgage
      Release (deed-in-lieu of foreclosure). When a Servicing Transfer Includes an
      eMortgage For an eMortgage, the transferor servicer must take the actions described
      in the following table. Published May 13, 2026 595 ✓ The transferor servicer
      must... Advise the transferee servicer that an eMortgage is part of the portfolio
      being transferred. Conﬁrm that the transferee servicer • is aware of the special
      requirements for these mortgage loans, and • agrees to assume the additional
      responsibilities associated with servicing these mortgage loans. Special Requirements
      when the Servicing Transfer includes eMortgages Subsequent to Fannie Mae’s approval
      of a servicing transfer, the following table describes additional actions that
      the transferor servicer must complete prior to the date of transfer, for a transfer
      of servicing that includes eMortgages. ✓ The transferor servicer must... Provide
      to the transferee servicer a copy of all eNotes included in the transfer via
      MERS eDelivery or some other mutually agreed-upon means. Identify remote online
      notarization (RON) loans included in the transfer and provide the transferee
      servicer the RON tamper-sealed audit trail. See Remote Online Notarizations
      in Selling Guide A2-4.1-03, Electronic Records, Signatures and Transactions,
      for additional information. Update the “Servicing Agent” ﬁeld in the MERS eRegistry
      to reﬂect the transferee servicer or transferee servicer’s agent, as applicable.
      Provide to the transferee servicer all associated borrower attribution evidence
      and audit trail information detailing the eClosing event. The transferee servicer
      must conﬁrm that all actions in the table above have been completed prior to
      the date of the transfer. When a Servicing Transfer Includes a Mortgage Loan
      Subject to Resale Restrictions For a mortgage loan subject to a resale restriction
      agreement or a shared equity transaction agreement, the transferor servicer
      must take the actions described in the following table. ✓ The transferor servicer
      must... Identify each mortgage loan subject to resale restrictions on Form 629.
      Published May 13, 2026 596 ✓ The transferor servicer must... Conﬁrm that the
      transferee servicer is aware of its duties and obligations related to the servicing
      of a mortgage loan subject to a resale restriction agreement or a shared equity
      transaction agreement, as applicable. Notifying Third Parties As described in
      Notifying Third Parties in A2-7-03, Post-Delivery Servicing Transfers, the transferor
      and transferee servicers must take certain actions to ensure that all servicing
      functions that involve third parties will continue uninterrupted (or discontinued,
      if appropriate) after the transfer of servicing. The following table describes
      the actions the transferor or transferee servicer must take to ensure that all
      servicing functions that involve third parties will continue uninterrupted (or
      discontinued, if appropriate) after the transfer of servicing. ✓ The transferor
      or transferee servicer must... Fulﬁll all requirements of each MI policy that
      insures any conventional mortgage loans included in the transfer—including,
      but not limited to, the requirements for providing timely notiﬁcation or requesting
      prior approval—to ensure the continuation of the MI coverage. If the current
      mortgage insurer will not provide continuing coverage following the servicing
      transfer, the transferee servicer must ﬁnd another mortgage insurer to provide
      MI coverage that is equivalent to the previous coverage—at no increased cost
      to the borrower or Fannie Mae—and obtain that mortgage insurer’s written commitment
      to provide the required coverage. Fulﬁll all requirements of FHA, VA, RD, or
      HUD—including, but not limited to, providing timely notiﬁcation or requesting
      prior approval—to ensure the continuation of the MI or mortgage loan guaranty,
      if applicable. Notify the hazard, ﬂood, earthquake, other property insurance
      carriers, as applicable, to request a policy endorsement to substitute the transferee
      servicer’s name in the mortgagee clause and to change the premium billing address
      to that of the transferee servicer (unless the borrower pays the premium directly).
      Notify any tax or ﬂood service provider and any optional insurance provider
      (or other products that are providing coverage) that the transferor servicer
      used for any of the mortgage loans that are being transferred to indicate whether
      the transferee servicer will continue using its services. Published May 13,
      2026 597 ✓ The transferor or transferee servicer must... Send appropriate notices
      of the transfer of servicing (providing the transferee servicer’s name and address)
      to taxing authorities, holders of leaseholds, HOAs, and other lien holders.
      Note: Any public utilities that levy mandatory assessments for which funds are
      being escrowed also must be notiﬁed. Notify any law ﬁrm involved in the management
      of foreclosure or other legal action in connection with the mortgage loans or
      acquired properties. Notify the current document custodian of the pending transfer
      of servicing and make arrangements for the prompt and safe transfer of the custodial
      documents to the document custodian designated by the transferee servicer, in
      accordance with requirements in the Servicing Guide. Transfer of Individual
      Mortgage Loan Files and Portfolio Information As described in Transfer of Individual
      Mortgage Loan Files and Portfolio Information in A2-7-03, Post-Delivery Servicing
      Transfers, the transferor servicer must deliver speciﬁc information to the transferee
      servicer. The following table describes the information that must be delivered
      to the transferee servicer. ✓ The transferor servicer must deliver to the transferee
      servicer... Documentation evidencing each mortgage insurer’s approval of the
      servicing transfer or its commitment to insure the transferred mortgage loans,
      or a copy of the mortgage insurer’s master policy evidencing that it is permissible
      to transfer servicing of insured mortgage loans without the mortgage insurer’s
      prior approval. A list of any conventional mortgage loans that have borrower-paid
      or lender-purchased MI (identifying the applicable premium rates and the due
      date of the next premium payment) and an explanation of the premium payment
      obligations and claim payment procedures that apply to them. A list of any eMortgages
      that are part of the portfolio being transferred. Copies of any tax or ﬂood
      service contracts that will remain in eﬀect, or notiﬁcation that the contracts
      will be transferred to the transferee servicer by a tape process. Published
      May 13, 2026 598 ✓ The transferor servicer must deliver to the transferee servicer...
      A list of tax bills, assessments, property insurance premiums, MIPs, etc. that
      are due to be paid by the servicer, but that are still unpaid as of the transfer
      date. A list of the expiration dates and premium payment frequencies for property
      insurance, and MI policies, as applicable, related to each mortgage loan being
      transferred, whether or not premiums for these policies are escrowed. A list
      of mortgage loans that have optional insurance and other insurance products
      that will remain in eﬀect. A list of mortgage loans that are subject to automatic
      drafting of the monthly payments. A list of ARM loans, showing the plan identiﬁcation
      and parameters, the index used, the next interest rate change date, the next
      payment change date, the dates on which any ﬁxed rate conversion option may
      be exercised, and the current status of any changes in process. Transaction
      and payment histories for the life of the mortgage loans. Trial balances, as
      of the close of business on the day immediately preceding the transfer date,
      showing • the remittance type for each mortgage loan (actual/actual, scheduled/actual,
      or scheduled/scheduled); • the remittance cycle for each MBS mortgage loan (standard,
      RPM, or MBS Express); • Fannie Mae’s applicable ownership interest if it holds
      only a participation percentage in the mortgage loan; • the applicable pool
      number for MBS mortgage loans; • delinquencies, foreclosure, bankruptcies, and
      acquired properties; • transfers of ownership, payoﬀs, and other exception transactions
      that are in process, including mortgage loan modiﬁcation-related transactions;
      • escrow balances, escrow advances, principal curtailments, unapplied funds,
      and loss drafts; and • buydown account balances for mortgage loans subject to
      temporary interest rate buydown plans. A copy of the custodial bank reconciliation
      for each custodial bank account maintained as of the cutoﬀ date (if the transferor
      servicer is unable to complete this reconciliation by the transfer date, it
      should complete the reconciliation as promptly as possible and send it to the
      transferee servicer within ﬁve business days after the transfer date). Published
      May 13, 2026 599 ✓ The transferor servicer must deliver to the transferee servicer...
      Copies of all investor accounting reports that were ﬁled with Fannie Mae for
      the three months that immediately precede the cutoﬀ date. A reconciliation of
      any outstanding shortage/surplus balance, if applicable, related to the mortgage
      loans being transferred as of the last reporting period of Fannie Mae’s investor
      reporting system. Deﬁnitions of codes used in ledger records, trial balances,
      or any other documents that are being forwarded to the transferee servicer.
      Escrow analyses. All information relating to delinquency management and default
      prevention. Copies of all documents including items held by a document custodian,
      and all other documents pertinent to servicing the mortgage loans including
      mortgage loan modiﬁcation agreements. All customer correspondence and responses,
      including borrower complaints and escalated cases. The title policies or alternative
      title products. A list of each mortgage loan that is in the process of foreclosure
      or for which the borrower has ﬁled bankruptcy, including the Fannie Mae loan
      number and the name and address of the law ﬁrm handling the foreclosure or bankruptcy.
      Information and records for any mortgage loans that are in foreclosure, bankruptcy,
      or a workout status and for any properties that Fannie Mae acquired by foreclosure
      or acceptance of a Mortgage Release [(deed-in-lieu of foreclosure) (if Fannie
      Mae has not sold them by the transfer date)]. Note: If the original mortgage
      loan custodial documents are not part of the individual mortgage loan ﬁle that
      is being transferred, the transferor servicer must provide a list showing the
      name of the party that is in possession of the original mortgage loan note.
      All pertinent information related to the status of any mortgage loan for which
      a workout option is being pursued. Published May 13, 2026 600 ✓ The transferor
      servicer must deliver to the transferee servicer... A list of any acquired properties
      for which it is performing administrative functions, such as paying taxes or
      performing property maintenance if the responsibilities for these functions
      will be transferred to the transferee servicer. The list must identify each
      property by the Fannie Mae loan number and include a history of the transferor
      servicer’s actions from the date the property was acquired (including information
      about expenditures, receipts, and management and marketing activities) and provide
      the appropriate documentation. Information on any mortgage loan or acquired
      property being transferred that is the subject of litigation at the time of
      the transfer, including all records pertaining to such litigation (including
      court ﬁlings, disclosure requests and responses, and preliminary rulings). Notiﬁcation
      of a borrower''s enrollment in a state Address Conﬁdentiality Program in compliance
      with all applicable state requirements, provided a borrower is currently enrolled
      in a state Address Conﬁdentiality Program, and the borrower''s legal substitute
      mailing address. For mortgage loans originated on or after March 1, 2023, the
      following fair lending data elements in a format such that they are queryable
      for each mortgage loan if obtained during the origination process: • race of
      borrower(s), • ethnicity of borrower(s), • age of borrower(s), • gender of borrower(s),
      and • preferred language of borrower(s). Transfer of P&I and T&I Funds As required
      in A4-1-02, Establishing Custodial Bank Accounts, the servicer is responsible
      for the safekeeping of custodial funds at all times. The transferor servicer
      must forward to the transferee servicer all P&I and T&I custodial account balances
      including, but not limited to, the following: unremitted P&I collections; escrow
      funds; unapplied funds; loss drafts; accruals on deposit—for example, for the
      payment of future renewal premiums for lender-purchased MI; and buydown funds.
      If the transferor servicer has advanced delinquent interest or scheduled P&I
      to Fannie Mae, the transferee servicer must reimburse the transferor servicer
      once it receives a ﬁnal accounting of all monies from the transferor servicer.
      Published May 13, 2026 601 All new amounts owed must be paid to the appropriate
      party promptly, as agreed by the parties. Submission of Final Accounting Reports/Remittances
      As described in Submission of Final Accounting Reports/Remittances in A2-7-03,
      Post-Delivery Servicing Transfers, the transferor servicer must submit the monthly
      LAR for the month that includes the transfer date. In the month of the transfer
      date, the transferor servicer will be contractually responsible for reporting
      the monthly LAR for all mortgage loan activity processed on the mortgage loans,
      and ensuring that suﬃcient funds to satisfy that month’s remittance obligation
      are available for drafting on the scheduled remittance date. However, the transferor
      and transferee servicers may agree that the transferee servicer will make the
      actual remittance to Fannie Mae. In the month following the transfer date, the
      transferee servicer will be responsible for reporting the monthly LAR applicable
      to the transferred mortgage loans. The transferor servicer must provide the
      transferee servicer with copies of its Fannie Mae investor reporting system
      shortage/surplus reconciliations for the ﬁnal monthly accounting period for
      all mortgage loans included in the servicing transfer. The two servicers should
      agree on how to resolve any diﬀerences and reconcile items or funds that are
      owed Fannie Mae and security holders. (Any questions regarding these issues
      must be directed to the transferor servicer’s Fannie Mae Investor Reporting
      Representative.) If, after reconciling the ﬁnal shortage/surplus balance, the
      transferor servicer determines that Fannie Mae needs to process a shortage/surplus
      adjustment, the transferor servicer must send to its Fannie Mae Investor Reporting
      Representative (see F-4-02, List of Contacts) a copy of the ﬁnal shortage/surplus
      reconciliation along with adequate documentation to support the requested adjustment.
      The adjustment must be requested within 30 days after the transfer date. The
      transferee servicer will be responsible for any Fannie Mae investor reporting
      system shortages related to mortgage loans included in the transfer that are
      not promptly resolved by the transferor servicer. Preparing Mortgage Loan Assignments
      Mortgage loan assignments must be prepared and recorded, if required, in accordance
      with Preparing Mortgage Loan Assignments in A2-7-03, Post-Delivery Servicing
      Transfers. Any required assignment that is submitted to the document custodian(s)
      must be identiﬁed by the applicable Fannie Mae loan number and submitted under
      cover of a transmittal letter that includes the following information: the name
      of the transferor servicer; the name of the transferee servicer; the number
      of mortgage loans included in the transfer; the transfer date; and a trial balance
      of the transferred mortgage loans, which identiﬁes the mortgage loans for which
      assignments to Fannie Mae are being provided (or, if only a few mortgage loans
      are being transferred, a list of the transferred mortgage loans for which assignments
      are being provided). Published May 13, 2026 602 Fannie Mae is the Mortgagee
      of Record A new mortgage loan assignment does not need to be prepared if the
      assignment to Fannie Mae has been recorded. A mortgage loan for which Fannie
      Mae is the mortgagee of record would be one of the following: a mortgage loan
      that was delivered to Fannie Mae before it converted to the Fannie Mae investor
      reporting system in 1984 (regardless of the location of the security property);
      a mortgage loan that is secured by a property located in Mississippi or Utah,
      if the mortgage loan was delivered to Fannie Mae during the period that Fannie
      Mae required recorded assignments for a Mississippi mortgage loan (after September
      1, 1988, until June 7, 1989) or for a Utah mortgage loan (after September 1,
      1988, until October 31, 1991); or a mortgage loan for which Fannie Mae requested
      recordation of the assignment (for any reason) after it purchased or securitized
      the mortgage loan. Fannie Mae is Not the Mortgagee of Record and the Mortgage
      Loan is Not Registered with MERS An assignment from the transferor servicer
      to the transferee servicer must be prepared and recorded if an assignment to
      Fannie Mae has not been recorded for a mortgage loan that is not registered
      with the MERS. The transferor servicer is responsible for recording the assignment
      from itself to the transferee servicer. (Blanket assignments may be used for
      the assignment, as long as the coverage for each blanket assignment is restricted
      to a single recording jurisdiction.) If the transferee servicer is a master
      servicer utilizing a subservicer and the subservicer will be the mortgagee of
      record, the required assignment must be from the transferor servicer to the
      subservicer unless the subservicer is already the mortgagee of record. If the
      transferor servicer will be the subservicer of the transferee servicer and will
      remain the mortgagee of record, an assignment to the transferee servicer will
      not be required. Fannie Mae is Not the Mortgagee of Record and the Mortgage
      Loan is Registered with MERS Generally, when the servicing of a MERS-registered
      mortgage loan is transferred to a servicer that is not a MERS member (or to
      a servicer that elects not to continue the MERS registration for the mortgage
      loan), Fannie Mae requires the transferor servicer to prepare an assignment
      of the mortgage loan from MERS to the transferee servicer (or the subservicer
      if the subservicer will be the mortgagee of record) and have it executed and
      recorded, and the transferor servicer to “deactivate” the Mortgage Identiﬁcation
      Number (MIN) in the MERS system for reason: “Transfer to Non-MERS Status.” Transfer
      of Custodial Documents The following table describes the information that the
      transferor servicer must deliver to the transferee document custodian. ✓ The
      transferor servicer must Provide notiﬁcation of the servicing transfer within
      30 days after the transfer eﬀective date. Published May 13, 2026 603 Provide
      the transferee document custodian Fannie Mae''s consent notice along with Form
      629 (which includes the list of mortgage loans that are being transferred).
      Provide the transferee servicer the Request for Release/Return of Documents
      (Form 2009) for any mortgage loans for which required documents will not be
      transferred. Provide the transferee document custodian the trial balances and
      all data required for recertiﬁcation in a format agreed upon by the transferor
      servicer and transferee document custodian. If there is no change in document
      custodian and the transferee servicer continues to store the custodial documents
      with the transferor servicer''s document custodian, it must execute the Master
      Custodial Agreement (Form 2017), in accordance with Fannie Mae’s Requirements
      for Document Custodians unless the transferee servicer already has a master
      custodial agreement on ﬁle with the transferor servicer''s document custodian.
      The transferee servicer and the transferor servicer must work out appropriate
      arrangements for paying the costs of transferring the documents and obtaining
      the required document recertiﬁcation in an expeditious manner. Custodial documents
      must be recertiﬁed, even if the documents remain with the transferor''s document
      custodian. If the transferee document custodian encounters issues during the
      recertiﬁcation process, the transferee document custodian will work directly
      with the transferee servicer to cure exceptions. If the transferee servicer
      cannot cure the recertiﬁcation exceptions, the transferee servicer must contact
      its Fannie Mae Servicing Representative (see F-4-02, List of Contacts) for further
      discussion and resolution. Custodial Documents for Participation Pool Mortgage
      Loans For participation pool mortgage loans that Fannie Mae holds in its portfolio,
      any original mortgage notes that the transferor servicer has in its possession
      must be transferred to the transferee document custodian for permanent retention
      no later than 30 days after the transfer date. To ensure that the transferred
      documents are appropriately identiﬁed, a label showing the Fannie Mae loan number
      must be aﬃxed to the notes. The documents that are being turned over to the
      transferee document custodian for custody also must be annotated on the trial
      balance that is submitted to the transferee document custodian in connection
      with the servicing transfer. Recent Related Announcements The table below provides
      references to recently issued Announcements that are related to this topic.
      Announcements Issue Date Announcement SVC-2026-04 May 13, 2026 Announcement
      SVC-2024-06 November 13, 2024 Announcement SVC-2023-05 October 11, 2023 Published
      May 13, 2026 604 Announcements Issue Date Announcement SVC-2023-03 May 10, 2023
      Announcement SVC-2022-06 August 10, 2022 Announcement SVC-2022-05 July 13, 2022
      Announcement SVC-2022-03 May 11, 2022 Announcement SVC-2021-09 December 8, 2021
      Announcement SVC-2021-07 October 13, 2021'
  judgment: false
