source:
  type: regulation
  id: fnma-svc-e-4
  authority: "FNMA Servicing Guide E-4 — Managing Acquired Properties"
  description: 'Servicing Guide Chapter E-4 governs REO handoff to Fannie Mae after foreclosure sale or executed Mortgage Release.

    '
obligations:
- id: fnma-svc-e-4-reogram-1-business-day-confirmation
  canonical_id: fnma-svc-e-4-reogram-1-business-day-confirmation
  section: "FNMA Servicing Guide E-4.1-01 — Notifying Fannie Mae of an Acquired Property"
  description: 'Within one business day upon receipt of the daily REOgram notification

    from Property 360 for any REO property acquired through foreclosure

    sale or [LENDER]''s acceptance of an executed Mortgage Release, [LENDER]

    must review and confirm the REOgram notification in Property 360 for

    all conventional mortgage loans and any special servicing option RD

    mortgage loans (even though Fannie Mae may not gain clear title to the

    property until after expiration of any redemption period).

    '
  type: do
  audit_question: For every REO property acquired through foreclosure sale or executed Mortgage Release on a Fannie Mae conventional or special-servicing-option RD mortgage loan, can [LENDER] evidence REOgram review and confirmation in Property 360 within one business day of the daily Property 360 notification?
  workflow_phase: servicing
  owner_role: foreclosure_specialist
  secondary_owner_role: compliance_officer
  cadence: per-event
  consequence: ''
  tags:
  - round-b
  - regulator-direct
  - fnma
  - servicing-guide
  - reogram
  - property-360
  - 1-business-day
  - promoted
  primary_source:
    tier: 1
    authority: FNMA Servicing Guide E-4.1-01
    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: "Within one business day upon receipt of the daily REOgram notiﬁcation from Property 360 for any REO property"
    drafter_attestation: 'Copied verbatim from FNMA Servicing Guide snapshot cf63a82bbb4adfba (chapter E-4) at 2026-05-22.

      '
  promoted_at: '2026-05-23T00:25:13+00:00'
  promoted_from: fnma-svc-e-4-roundb-v1.yaml
  program_review: Does the program ensure REOgram notifications from Property 360 are reviewed/confirmed within one business day for conventional and special-servicing-option RD loans acquired via foreclosure sale or executed Mortgage Release?
  file_review: For acquired REO, confirm Property 360 REOgram review/confirmation within one business day of the daily notification.
  judgment: false
- id: fnma-svc-e-4-elimination-rescission-5-day
  canonical_id: fnma-svc-e-4-elimination-rescission-5-day
  section: "FNMA Servicing Guide E-4.1-02 — Eliminations and Rescissions of Foreclosure Sales"
  description: 'When [LENDER] identifies an issue that requires an elimination and/or

    rescission of the foreclosure sale, [LENDER] must submit a request for

    elimination and/or rescission within five days using the Elimination/

    Rescission Request Template.

    '
  type: do
  audit_question: For every foreclosure sale on a Fannie Mae mortgage loan where [LENDER] identifies an issue requiring elimination/rescission, can [LENDER] evidence submission of the Elimination/Rescission Request Template within five days of identifying the issue?
  workflow_phase: servicing
  owner_role: foreclosure_specialist
  secondary_owner_role: compliance_officer
  cadence: per-event
  consequence: ''
  tags:
  - round-b
  - regulator-direct
  - fnma
  - servicing-guide
  - foreclosure-rescission
  - 5-day
  - promoted
  primary_source:
    tier: 1
    authority: FNMA Servicing Guide E-4.1-02
    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: "servicer must submit a request for elimination and/or rescission within ﬁve days."
    drafter_attestation: 'Copied verbatim from FNMA Servicing Guide snapshot cf63a82bbb4adfba (chapter E-4) at 2026-05-22.

      '
  promoted_at: '2026-05-23T00:25:13+00:00'
  promoted_from: fnma-svc-e-4-roundb-v1.yaml
  program_review: Does the program ensure that when an issue requiring elimination/rescission of a foreclosure sale is identified, the Elimination/Rescission Request Template is submitted within five days?
  file_review: For sales requiring elimination/rescission, confirm the template was submitted within five days of identifying the issue.
  judgment: false
_promotion_history:
- promoted_at: '2026-05-23T00:25:13+00:00'
  candidate_path: C:\Users\earlc\broker-tools\obligations\_remediation\_round_b_drafts\fnma-svc-e-4-roundb-v1.yaml
  candidates_promoted: 2
  candidates_skipped_existing: 0
