The servicer must provide instructions for an MI company to release information to Fannie Mae in accordance with B-8.1-01, Conventional Mortgage Insurance Servicer Responsibilities.
The following table provides steps the servicer must follow when instructing the MI company to release details to Fannie Mae.
Use the disclosure template and release instructions posted on Fannie Mae’s website or any other form that is acceptable to the mortgage insurer and that results in the release of the requested data to Fannie Mae.
Return the disclosure template and release instructions (or its equivalent) to each mortgage insurer using the contact information posted on Fannie Mae’s website.
Note: Language that accomplishes the same objective may also be included in any other written agreement between the servicer and mortgage insurer, such as a master primary policy, as long as it covers both mortgage loans currently insured by the mortgage insurer as well as those that become insured or may become insured in the future. Under such circumstances, separate instructions need not be returned to each mortgage insurer using the posted contacts.
For more information please see F-1-02, Escrow, Taxes, Assessments, and Insurance