Cancel Certification for Whole Loans

The 'Cancel Cert' button allows lenders to cancel the request for certification for a submitted whole loan and bring the loan back to a Draft/Unsubmitted status. In such instances, the loan will be removed from the custodian's queue of loans to be certified. Any changes can then be made to the loan, after which the loan can be resubmitted, if necessary. Lenders no longer need to contact Fannie Mae's Acquisition Operations team to request that the loan be rejected and approved for resubmission.

Note: The Cancel Certification feature is not available for ASAP+ loans at the time of the initial funding request or upon redelivery into the commitment. Follow the current process of contacting the Early Funding desk to request to cancel funding or shutdown of an ASAP+ loan.

Step-by-Step Instructions:

Select the whole loan for which certification is to be cancelled. From the Loan Details screen, click Cancel Cert.

NOTE: This function is not available for loans that are already purchased.

In the message box click Yes to proceed with cancelling certification.

NOTE: The loan will revert to Draft status and the certification status will be blank.

Upon completion of the 'Cancel Cert' steps, the loan will be removed from the custodian's queue of loans to be certified. Any changes can then be made to the loan, and the loan can be resubmitted, if necessary.