FNMA Servicing Guide B-1 — Escrow Account Administration

fnma-svc-b-1

Servicing Guide Chapter B-1 describes escrow account administration and the servicer's obligation to monitor escrow-related charges and pay them timely.

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source:
  type: regulation
  id: fnma-svc-b-1
  authority: FNMA Servicing Guide B-1 — Escrow Account Administration
  description: |
    Servicing Guide Chapter B-1 describes escrow account administration and the servicer's obligation to monitor escrow-related charges and pay them timely.
obligations:
  - id: fnma-svc-b-1-escrow-monitoring-lien-protection
    canonical_id: fnma-svc-b-1-escrow-monitoring-lien-protection
    section: FNMA Servicing Guide B-1-01 — Administering an Escrow Account and Paying Expenses
    description: |
      Without regard to whether the mortgage loan has an escrow account,
      [LENDER] must protect Fannie Mae's mortgage lien and the property
      securing the mortgage loan by monitoring the status of all escrow and
      related charges (property/flood insurance premiums, MI premiums, real
      estate taxes, ground rents, HOA/PUD/co-op assessments, government and
      public utility assessments, and other charges that can attain priority
      over Fannie Mae's lien) and by maintaining accurate records on the
      status of all escrow and related charges.
    type: do
    audit_question: For every Fannie Mae mortgage loan in [LENDER]'s portfolio (escrowed or not), can [LENDER] evidence ongoing monitoring of all escrow and related charges and accurate records of their status, sufficient to protect Fannie Mae's mortgage lien?
    program_review: Does the program ensure FNMA's lien is protected — for every loan, escrowed or not — by monitoring all escrow and related charges (property/flood/MI premiums, taxes, ground rents, HOA/PUD/co-op and government/utility assessments, other priority charges) and keeping accurate records?
    file_review: Sample loans (escrowed and non-escrowed); confirm ongoing monitoring of all escrow/related charges and accurate status records.
    judgment: false
    feeds: []
    workflow_phase: servicing
    owner_role: escrow_analyst
    secondary_owner_role: compliance_officer
    cadence: continuous
    consequence: ''
    tags:
      - round-b
      - regulator-direct
      - fnma
      - servicing-guide
      - escrow
      - lien-protection
      - promoted
    primary_source:
      tier: 1
      authority: FNMA Servicing Guide B-1-01
      source_class: fnma-guide
      source_url: https://singlefamily.fanniemae.com/media/document/pdf/servicing-guide
      snapshot_id: cf63a82bbb4adfba
      fetched_at: '2026-05-22T23:53:19Z'
      content_hash: sha256:89df66c43baad07f8a8dd9d224492fff7d15e8839edba02ad0e74c7e50fe5da3
      paragraph_quote: |-
        Without regard to whether the mortgage loan has an escrow account, the servicer must protect Fannie Mae’s
        mortgage lien and the property securing the mortgage loan by
      drafter_attestation: |
        Copied verbatim from FNMA Servicing Guide snapshot cf63a82bbb4adfba (chapter B-1) at 2026-05-22.
    promoted_at: '2026-05-23T00:25:08+00:00'
    promoted_from: fnma-svc-b-1-roundb-v1.yaml
  - id: fnma-svc-b-1-timely-escrow-payment
    canonical_id: fnma-svc-b-1-timely-escrow-payment
    section: FNMA Servicing Guide B-1-01 — Administering an Escrow Account and Paying Expenses
    description: |
      When the mortgage loan has an escrow account, [LENDER] must ensure the
      timely payment of all escrow and related charges before any applicable
      penalty or termination date, and make payments for escrow-related
      expenses early enough to take advantage of any discount period to obtain
      the maximum discounts allowed whenever funds are available in the escrow
      account.
    type: do
    audit_question: For every escrowed Fannie Mae mortgage loan, can [LENDER] evidence escrow payments are made before any applicable penalty/termination date and early enough to capture available discount periods?
    program_review: Does the program ensure, for escrowed loans, timely payment of all escrow/related charges before penalty/termination dates and early enough to capture available discounts when escrow funds are available?
    file_review: For escrowed loans, confirm payments before penalty/termination dates and discount capture where applicable.
    judgment: false
    feeds: []
    workflow_phase: servicing
    owner_role: escrow_analyst
    secondary_owner_role: compliance_officer
    cadence: continuous
    consequence: ''
    tags:
      - round-b
      - regulator-direct
      - fnma
      - servicing-guide
      - escrow
      - timely-payment
      - promoted
    primary_source:
      tier: 1
      authority: FNMA Servicing Guide B-1-01
      source_class: fnma-guide
      source_url: https://singlefamily.fanniemae.com/media/document/pdf/servicing-guide
      snapshot_id: cf63a82bbb4adfba
      fetched_at: '2026-05-22T23:53:19Z'
      content_hash: sha256:89df66c43baad07f8a8dd9d224492fff7d15e8839edba02ad0e74c7e50fe5da3
      paragraph_quote: |-
        When the mortgage loan has an escrow account, the servicer must
        ensure the timely payment of all escrow and related charges before any applicable penalty or termination
        date, and
        make payments for escrow-related expenses early enough to take advantage of any discount period to
        obtain the maximum discounts allowed whenever funds are available in the escrow account.
      drafter_attestation: |
        Copied verbatim from FNMA Servicing Guide snapshot cf63a82bbb4adfba (chapter B-1) at 2026-05-22.
    promoted_at: '2026-05-23T00:25:08+00:00'
    promoted_from: fnma-svc-b-1-roundb-v1.yaml
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    candidates_promoted: 2
    candidates_skipped_existing: 0

Verbatim regulatory text (2)

Verbatim provisions from FNMA Servicing Guide B-1 — Escrow Account Administration — each quote is a verified substring of the regulator-published source snapshot, not retyped. Quoted for reference; this is not legal advice. The operational layer (P&P updates, prompts) lives in the regulation update kits.

FNMA Servicing Guide B-1-01 — Administering an Escrow Account and Paying Expenses

Without regard to whether the mortgage loan has an escrow account, the servicer must protect Fannie Mae’s mortgage lien and the property securing the mortgage loan by

Source: FNMA Servicing Guide B-1-01 · source URL · snapshot cf63a82bbb4adfba

FNMA Servicing Guide B-1-01 — Administering an Escrow Account and Paying Expenses

When the mortgage loan has an escrow account, the servicer must ensure the timely payment of all escrow and related charges before any applicable penalty or termination date, and make payments for escrow-related expenses early enough to take advantage of any discount period to obtain the maximum discounts allowed whenever funds are available in the escrow account.

Source: FNMA Servicing Guide B-1-01 · source URL · snapshot cf63a82bbb4adfba