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Introduction to Special Feature Codes (SFCs)

The Fannie Mae Selling Guide requires sellers to include specific Special Feature Codes (SFCs) as part of the delivery for certain mortgage loans. If a seller fails to identify or incorrectly identifies applicable SFCs, Fannie Mae may impose a compensatory fee.

SFC Highlights:

  • Up to 10 SFCs may be provided. Loan Delivery provides the ability for lenders to deliver up to 10 SFCs on a loan file either by manually entering the SFCs or by updating the XML import file.

  • Loan Delivery and EarlyCheckTM will automatically derive certain applicable SFCs associated with a loan. The Loan Delivery UI will display auto-derived SFCs as read-only. Loan Delivery and EarlyCheck will include the derived SFCs in their respective results. Lenders have the following options:

    • Populate all applicable SFCs in the import file,

    • Add all applicable SFCs via manual entry in Loan Delivery application, or

    • Take advantage of auto-derivation feature by using the "root data" in the ULDD XML file. Reference the Auto-Derived SFCs section of this job aid for details.

  1. NOTE: Sellers who manually enter loan data may stop manually entering auto derived SFCs in Loan Delivery. Sellers are still required to populate all other applicable (non-derived) SFCs.