source:
  type: guide
  id: fnma-sel-d2-1-01
  authority: Fannie Mae Selling Guide D2-1-01 — General Information on Fannie Mae
    QC Reviews
  description: Fannie Mae Selling Guide D2-1-01 — General Information on Fannie Mae
    QC Reviews.
  coverage_tier: operative
obligations:
- id: fnma-sel-d2-1-01-full
  canonical_id: fnma-sel-d2-1-01-full
  section: Fannie Mae Selling Guide D2-1-01 — General Information on Fannie Mae QC
    Reviews
  type: do
  tags:
  - regulator-direct
  - fnma
  - selling-guide
  - corpus-expansion
  - tier-operative
  primary_source:
    tier: 1
    authority: Fannie Mae Selling Guide D2-1-01 — General Information on Fannie Mae
      QC Reviews
    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: 'D2-1-01, General Information on Fannie Mae QC Reviews (04/03/2019)
      Introduction This topic contains general information on Fannie Mae''s QC reviews,
      including: Fannie Mae’s QC Policy Fannie Mae QC Reports Fannie Mae’s QC Policy
      Fannie Mae has QC policies and procedures in place for its review of performing
      and non-performing mortgage loans. Fannie Mae uses a statistically valid approach
      in selecting a random sample of new mortgage loan deliveries for review. The
      random sample is augmented with targeted, discretionary sampling, which aids
      in the measurement of the overall quality of loan deliveries. The QC process
      evaluates loan ﬁles on a comprehensive basis with the primary focus of conﬁrming
      that mortgage loans meet Fannie Mae’s underwriting and eligibility requirements.
      The satisfactory conclusion of QC reviews may also result in mortgage loans
      being eligible for relief from enforcement for breaches of certain representations
      and warranties. See A2-3.2-02, Enforcement Relief for Breaches of Certain Representations
      and Warranties Related to Underwriting and Eligibility, for additional information.
      The QC process also provides lenders with data and feedback about the quality
      of their loan origination process. The goal is to engage lenders in frequent,
      meaningful exchanges of information about trends in the quality of delivered
      loans and to inform lenders about signiﬁcant underwriting deﬁciencies identiﬁed
      through the review process. Together, Fannie Mae and its lenders should share
      a commitment to improving the quality of loan originations. Published May 6,
      2026 1061 Fannie Mae’s QC policies are administered by its Loan Quality Center.
      The selection process may change at any time to address risk concerns. As a
      component of overall loan quality, the Data Validation Center team reviews loan
      data exceptions that are identiﬁed after Fannie Mae acquires the loan. This
      includes and data exceptions that may be found through reviews. The Data Validation
      Center works with lenders to research data exceptions and submit related data
      corrections. In some instances, the data change review may lead to a full underwriting
      review if eligibility concerns are identiﬁed or the data exception cannot be
      resolved. See C1-2-01, General Information on Delivering Loan Data and Documents,
      for additional information. Fannie Mae QC Reports Fannie Mae provides lenders
      with ongoing feedback about their overall QC performance. The feedback identiﬁes
      defect types, reporting on frequent or common defects, and describes quality
      trend analyses and signiﬁcant underwriting deﬁciencies identiﬁed through the
      QC loan ﬁle review process. This information is provided through a variety of
      methods that range from regular electronic transmissions to more formal periodic
      discussions. The detailed loan-level reports that lenders receive identify signiﬁcant
      defects, ﬁndings, and loans with no identiﬁed defects. Fannie Mae’s quality
      control process provides lenders with a holistic view of loan quality by identifying
      loans with signiﬁcant defects as well as loans that had ﬁndings that do not
      aﬀect the overall eligibility. Fannie Mae believes that providing this additional
      feedback supplies lenders with an important source of information that can lead
      to improving loan quality in the future. At times this reporting may contain
      nonpublic personal information (NPI). Fannie Mae shares this NPI with lenders
      in compliance with permitted purposes under applicable privacy laws. See A3-4-01,
      Conﬁdentiality of Information, for additional information. Recent Related Announcements
      The table below provides references to recently issued Announcements that are
      related to this topic. Announcements Issue Date Announcement SEL-2019-03 April
      03, 2019'
  judgment: false
