Knowledgebase
Knowledgebase:
FNMA and FMAC reissue Requirements
Posted by Nico Sanchez on 15 December 2015 12:33 PM

Fannie Mae's reissue requirements

  • File must not be older than 120 days
  • File must use accepted score models from all three bureuas
    • Experian Fair Issac v2, Transunion FICO Classic 04, Equifax BEACON 5 are the current defaults

Things to check if you get an error:

  • Borrower's information
  • There are no additional or duplicate bureau pulls
  • If you're using MeridianLink as the credit agency your CRA code and a dash is before your login name or password

Freddie Mac's reissue requirements

  • These are the same as for Fannie Mae

Things to check if you get an error:

  • Borrowers are in the right spot if it's a joint file
  • Borrower's information
  • If you get a borrower mismatch try using your CRA code before the file number.

Secondary reissue requirements

  • The file has not been altered since first reissue
  • The file isn't older than 30 days from first reissue

Things to check if you get an error:

  • Borrower's information
  • Changes have not been made to the file

(Note: Once a file is non-reissuable you will have to re-pull to reissue it.)

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