source:
  type: guide
  id: fnma-sel-a1-1-01
  authority: Fannie Mae Selling Guide A1-1-01 — Application and Approval of Seller/Servicer
  description: Fannie Mae Selling Guide A1-1-01 — Application and Approval of Seller/Servicer.
  coverage_tier: operative
obligations:
- id: fnma-sel-a1-1-01-full
  canonical_id: fnma-sel-a1-1-01-full
  section: Fannie Mae Selling Guide A1-1-01 — Application and Approval of Seller/Servicer
  type: do
  tags:
  - regulator-direct
  - fnma
  - selling-guide
  - corpus-expansion
  - tier-operative
  primary_source:
    tier: 1
    authority: Fannie Mae Selling Guide A1-1-01 — Application and Approval of Seller/Servicer
    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: 'A1-1-01, Application and Approval of Seller/Servicer (09/04/2018)
      Introduction Sellers/servicers must be approved to do business with Fannie Mae.
      Fannie Mae determines a seller/servicer’s qualiﬁcations by reviewing the seller/servicer’s
      ﬁnancial condition, organization, staﬃng, selling and servicing experience,
      and other relevant factors. General Information General Information See Fannie
      Mae''s website for more information on the application process for approval
      to do business with Fannie Mae, including: required documentation, minimum business
      requirements, application review fee, and any special approvals needed to sell
      or service mortgages with unique requirements. Recent Related Announcements
      There are no recently issued Announcements related to this topic. Published
      May 6, 2026 3 Subpart A2, Lender Contract Introduction This subpart describes
      some of the contractual obligations a lender takes on when it becomes an approved
      Fannie Mae lender. It includes information on the representations and warranties
      a lender makes when delivering mortgages to Fannie Mae, the limited waiver of
      representations and warranties for mortgages underwritten with Desktop Underwriter
      (DU), the circumstances under which the Lender Contract can be terminated, and
      the consequences of any breach of lender obligations. It also describes scenarios
      that may result in loan repurchase or make whole payment demands. This subpart
      also includes Fannie Mae’s policies on the establishment, maintenance, retention,
      and examination of loan ﬁles and records, and the use of Fannie Mae’s name and
      trademarks. Chapter A2-1, Contractual Obligations for Sellers/Servicers Introduction
      This chapter explains the basic legal relationship between a seller, servicer,
      or seller/servicer and Fannie Mae.'
  judgment: false
