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

The servicer must refer to the following table for guidelines on managing and overseeing third-party property inspection vendors.

✓	The servicer must…
	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.

✓

The servicer must…

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.

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