Servicing Guide

The Servicing Guide is organized into parts that reflect how lenders generally categorize various aspects of their business relationship with Fannie Mae. To begin browsing, select from any of the sections below. You may also download the entire Servicing Guide in PDF format.

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What are the servicer responsibilities related to correcting title defects for bifurcated mortgage loans?

The following table provides a list of servicer responsibilities related to correcting title defects for bifurcated mortgage loans. 

The servicer must…
 

Promptly notify the responsible party when it is notified or becomes aware of an origination or servicing title defect and the selling representations and warranties or prior servicer obligations were not assumed by the servicer.

 

Contact Fannie Mae’s LQC Digital Data Control Team (see F-4-03, List of Contacts) if it needs confirmation of the responsible party.

 

Cooperate with the responsible party and take reasonable steps to correct an origination title defect.

For more information please see: E-3.2-14: Addressing Title Defects for Bifurcated Mortgage Loans 

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