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DELEGATED UNDERWRITING AND SERVICINGPROPERTY AND LIABILITY INSURANCE Warranty be delivered to Fannie Mae with a MortgageProject Name: The Lender specified below represents and warrants to Fannie Mae
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Delegated underwriting and servicing is a process where a lender delegates the underwriting and servicing of a loan to a third party, typically a mortgage banker or broker.
Lenders who have delegated their underwriting and servicing responsibilities to a third party are required to file delegated underwriting and servicing.
Delegated underwriting and servicing can be filled out through the submission of relevant documents and information to the appropriate regulatory agency or association.
The purpose of delegated underwriting and servicing is to streamline the loan approval process and reduce the financial risk for the lender.
Information such as loan documents, borrower information, underwriting decisions, and servicing agreements must be reported on delegated underwriting and servicing.
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