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Servicing Guide Announcement SVC-2013-09

Servicing Guide Announcement SVC-2013-09-2026

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The document SVC-2013-09 from Fannie Mae outlines revisions to the execution of legal documents policy, effective immediately. It details changes regarding quitclaim deeds, limited power of attorney, assumptions, and releases of security. Key updates include specific requirements for quitclaim deeds related to properties conveyed in error, the necessity for servicers to have a limited power of attorney for executing various documents on behalf of Fannie Mae, and revised procedures for executing assumptions and releases of security. The announcement emphasizes compliance with these new guidelines and provides contact information for further inquiries.

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Click ‘Get Form’ to open the Servicing Guide Announcement SVC-2013-09 in the editor.
Begin by reviewing the effective date and ensure you understand that servicers must implement the policies immediately.
Navigate to the section on Quitclaim Deeds. Ensure you insert the required clause in the quitclaim deed body, and verify that the grantor’s name matches the grantee’s name in the recorded deed.
Proceed to fill out details for Limited Power of Attorney. Confirm that you have authorization to execute necessary documents on behalf of Fannie Mae.
Review sections related to Execution of Assumptions and Releases of Security. Make sure all applications and requests are directed correctly as per Fannie Mae's guidelines.
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