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Launch Ask Poli for Sellers. View Resources. Lenders must use CPM to assist in their Full Review of a loqn project except for projects containing manufactured homes. CPM is a Web-based tool designed to facilitate the lender's review of the project to determine if it meets Fannie Mae's project eligibility requirements. The lender is responsible for reviewing the applicable project documentation to link the information needed to complete the project review and enter caf data into CPM.
The lender is also responsible for ensuring that all data entered into CPM is correct and that the project meets all applicable Fannie Mae eligibility requirements. CPM is bns car loan on Fannie Mae's website. Project transaction eligibility or other loan-level restrictions will display in CPM. When CPM displays a delivery restriction for a specific bns car loan, lenders may only sell loans that comply with the stated restrictions.
For example, loans in some projects may be limited to certain occupancy types such as principal residences only, or principal residences visit web page second homes or there may be limits on the LTV ratios.
If a lender becomes aware of any information that could impact the eligibility status reflected in CPM such as, significant deferred are student forgiven after years or major litigation bns car loan, the lender must notify the Bns car loan Management team see E, List of Contacts with the relevant data bns car loan information. Fannie Mae will evaluate the new information and its impact on eligibility.
Before selling a loan secured by a unit in such a project, the lender must confirm that the project retains its approved status. Notification must occur as soon as practicable but no later than five business days after becoming aware of such information.
Fannie Mae reserves the right to change a project eligibility status designation if information acquired after approval bns car loan certification has an impact on a previously issued eligibility determination. Note: Lenders are responsible for verifying and documenting that the project meets the applicable insurance requirements described in Chapters B and B Fannie Mae koan not review insurance policies as part of cat review process.
See B Try Ask Poli. If you have additional questions, Fannie Mae customers can visit Ask Poli to get information from other Fannie Mae published sources. For a comprehensive list of bns car loan such as access forms, announcements, lender letters, notices and more.
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