source:
  type: guide
  id: fnma-sel-a3-3-03
  authority: Fannie Mae Selling Guide A3-3-03 — Other Servicing Arrangements
  description: Fannie Mae Selling Guide A3-3-03 — Other Servicing Arrangements.
  coverage_tier: operative
obligations:
- id: fnma-sel-a3-3-03-full
  canonical_id: fnma-sel-a3-3-03-full
  section: Fannie Mae Selling Guide A3-3-03 — Other Servicing Arrangements
  type: do
  tags:
  - regulator-direct
  - fnma
  - selling-guide
  - corpus-expansion
  - tier-operative
  primary_source:
    tier: 1
    authority: Fannie Mae Selling Guide A3-3-03 — Other Servicing Arrangements
    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: 'A3-3-03, Other Servicing Arrangements (12/15/2015) Introduction
      This topic provides an overview of other servicing arrangements, including:
      Subservicing General Requirements for Subservicing Arrangements Pledge of Servicing
      Rights and Transfer of Interest in Servicing Income Subservicing A lender may
      use other organizations to perform some or all of its servicing functions. Fannie
      Mae refers to these arrangements as “subservicing” arrangements, meaning that
      a servicer (the “subservicer”) other than the contractually responsible servicer
      (the “master” servicer) is performing the servicing functions. The following
      are not considered to be subservicing arrangements: when a computer service
      bureau is used to perform accounting and reporting functions; when the originating
      lender sells and assigns servicing to another lender, unless the originating
      lender continues to be the contractually responsible servicer. General Requirements
      for Subservicing Arrangements A servicer may use a subservicer only if it will
      not interfere with the servicer’s ability to meet Fannie Mae’s remitting and
      reporting requirements. A master servicer may not enter into new subservicing
      arrangements—or extend existing arrangements to include newly originated mortgages—unless
      both the master servicer and the subservicer are Fannie Mae- approved servicers
      in good standing who are able to perform the duties associated with the master
      servicer/subservicer arrangement. The master servicer must ensure that its written
      agreement with the subservicer acknowledges Fannie Mae’s right to rescind its
      recognition of the subservicing arrangement if Fannie Mae decides to transfer
      the master servicer’s portfolio for any reason. Published May 6, 2026 114 The
      master servicer must conﬁrm its existing subservicing arrangements when it submits
      the Lender Record Information (Form 582) each year. For additional information
      concerning subservicer and master servicer duties, responsibilities, and other
      requirements, see the Servicing Guide on Fannie Mae’s website. Pledge of Servicing
      Rights and Transfer of Interest in Servicing Income A lender may enter into
      one of the following transactions, provided that the purpose of the transaction
      is a purpose permitted by Fannie Mae and the lender obtains Fannie Mae’s prior
      written consent: a pledge, or grant of a security interest in, the servicing
      rights to all or part of its Fannie Mae servicing portfolio, including mortgage
      loans in MBS pools (a “pledge of servicing”); a sale, assignment, transfer,
      pledge, or hypothecation of all or any portion of its compensation in excess
      of the amount needed to service mortgage loans for Fannie Mae (“excess servicing
      compensation”); or a sale, assignment, transfer, pledge or hypothecation of
      all or any portion of its right to receive reimbursement of servicing advances.
      Note: A transaction in either of the last two bullets above is referred to as
      a “transfer of an interest in servicing income.” A lender may enter into a pledge
      of servicing or a transfer of an interest in servicing income for the following
      purposes only: to fund the acquisition and performance of required servicing
      activities for additional servicing and/or servicing portfolios; to provide
      collateral for warehouse lines of credit; or to eﬀect the purchase of all or
      substantially all of the assets of a mortgage banking company, including a management
      buyout of its existing company, or a buyout of the controlling ownership interests
      of existing shareholders. The lender must request Fannie Mae’s prior approval
      of a speciﬁc pledging transaction or transfer of an interest in servicing income
      at least 30 days prior to the proposed eﬀective date. A pledge of servicing
      transaction between the lender and the secured creditor must be documented by
      a security agreement agreed to by the lender and the secured creditor. The lender,
      the secured creditor, and Fannie Mae must also execute an acknowledgment agreement
      acceptable to Fannie Mae, which sets forth the rights and responsibilities of
      the lender, the secured creditor, and Fannie Mae. A transfer of an interest
      in servicing income transaction between the lender and the purchaser or ﬁnancier
      must be documented by a purchase and sale, security or ﬁnancing agreement in
      a form agreed to by the lender and the purchaser or ﬁnancier. The lender, the
      purchaser or ﬁnancier, and Fannie Mae must also execute a subordination of interest
      agreement acceptable to Fannie Mae, which sets forth the rights and responsibilities
      of the lender, the purchaser or ﬁnancier, and Fannie Mae. For additional information
      about the terms and provisions of the security agreement and the acknowledgment
      agreement, see the Servicing Guide . Published May 6, 2026 115 Recent Related
      Announcements There are no recently issued Announcements related to this topic.'
  judgment: false
