Escrow Holdback Policy
Underwriting standards governing allowable repair scopes, holdback dollar limits, and release inspections for post-closing escrow agreements.
Packaging & Submission Instructions
Originator Guidance: Complete and execute this form prior to upload with the initial loan submission package in the Corva Wholesale Broker Portal or Fannie Mae Desktop Originator.
Ensure all borrower signatures, entity documentation (for LLC or corporate borrowers), and applicable disclosures match the 1003 loan application. For assistance packaging this document, contact the Corva Broker Operations Desk at [email protected].
Form Description & Requirements
Eligible Scope of Repairs & Timeframes
Policy guidelines governing allowable cosmetic repairs, maximum dollar limits (up to $10,000 or 1.5x contractor estimates), and 60-day completion and inspection timeframes.