A4-2.1-02, Property Inspection Vendor Management and Oversight (11/12/2014)

Not enter into or participate in any arrangement with property inspection vendors

• for which the servicer receives a direct benefit for Fannie Mae mortgage loans or acquired properties that is not passed through to Fannie Mae, or

• that is influenced by an actual or perceived conflict of interest (particularly those arrangements with affiliates).

Use the most cost-effective and efficient vendors for property inspections related to any Fannie Mae mortgage loans or acquired properties without regard to arrangements that could provide a financial benefit directly to servicers.