Fannie Mae Servicing Guide Announcement SVC-2013-09 - Execution of Legal Documents

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Fannie Mae Servicing Guide Announcement SVC-2013-09 – Execution of Legal Documents

Fannie Mae Servicing Guide Announcement SVC-2013-09 – Execution of Legal Documents

Fannie Mae is revising several aspects of its execution of legal documents policy. This Announcement addresses policy changes related to:

  • Quitclaim deeds

 

  • Limited power of attorney

 

  • Execution of assumptions

 

  • Releases of security

 

  • Executing legal documents

Servicers must not send any legal documents for execution to Fannie Mae’s regional offices.

Fannie Mae is also removing its Designated Document Custodian as the point of contact for releases of security and its Vendor Oversight group as the recipient of legal documents.

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