Download - Funding Shield

ALL OF YOUR FANNIE MAE LOANS MAY NOW BE

UNDELIVERABLE!

Now mandated by Fannie Mae:

“QUALIFIED PARTICIPANT” VALIDATION

Fannie Mae’s Sellers Guide A3-2-02 & Lender Letter LL-2010-03

Effective June 1, 2010, Fannie Mae is requiring that for all applications taken as of 6/1/2010, all lenders must confirm that

“any person or entity with critical influence or substantial control over the origination, underwriting or servicing of a mortgage

or any related function,” be validated as not on certain government exclusionary lists.

This means that all of the following & their employees should be searched for every transaction:

Mortgage Brokers, Originators, Correspondent, Wholesale & Warehouse Lenders, Appraisers, Contract Underwriters, Title Companies,

Closing Attorneys, Escrow Companies, Contract Processors, Servicers, Due Diligence Companies & Mortgage Insurance Companies.

*“Failure to comply may result in the loan being ineligible for delivery.”*

XxxxxxxxxFundingShield’sxxxxxxxx

“Qualified Participant Compliance Service”

Will assist your compliance needs

with Fannie Mae’s Sellers Guide Section A3-2-02 Requirements

FundingShield will issue you a “Transactional” & “Corporate Certificate of Compliance”

& assure that all identified “Qualified Participants” & employees are not on exclusionary lists.

FundingShield will also gather your third party vendor Qualified Participant Info for you.

FOR MORE INFORMATION CONTACT: Keith Nance, Senior Vice President of Sales

Direct (800) 295-0135 ext 8305 * [email protected]

44 Wall Street, 4th Floor, New York, NY 10005

(800) 295-0135 * www.FundingShield.com