Escrow Holdback Request Form
Post-closing escrow holdback agreement authorizing 1.5x repair funds retention for minor, weather-related exterior property completions.
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
Holdback Request Parameters
Permitted on purchase and refinance transactions where minor, non-structural repairs cannot be completed prior to closing due to weather or seasonal limitations. Requires 1.5x of the licensed contractor’s bid held in escrow by the settlement agent.