Servicing Guide

Published September 9, 2020

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What steps must the servicer perform when requesting a Limited Power of Attorney?

In accordance with Fannie Mae’s Limited Power of Attorney to Execute Documents in A2-1-03, Execution of Legal Documents, the servicer must have an LPOA in order to execute certain documents on behalf of Fannie Mae. 

To request an LPOA, the servicer must perform the steps in the following table. 

Step Servicer Action
1

Prepare and execute a separate LPOA form (see below) for each jurisdiction in which it is servicing mortgage loans on behalf of Fannie Mae.

When preparing the form, the servicer is authorized to

  • reformat the document to make it recordable in specific jurisdictions,

  • change the notary acknowledgment, and

  • make other minor wording changes.

2

Attach the document(s) to a cover letter that

  • states the jurisdiction(s) that the LPOA will cover,

  • explains any changes made to the document(s), and

  • provides any special instructions necessary to make the document(s) recordable in a specific jurisdiction.

3

Send the request package to the appropriate address in accordance with Fannie Mae Contacts for Document Execution Requests.

4 Have the executed LPOA from Fannie Mae recorded in the proper jurisdiction.

Note: The servicer is authorized to submit the LPOA for recordation immediately upon its receipt or wait until such time as it is actually needed to process a covered transaction.

5 Maintain the final recorded LPOA.

Note: Unless Fannie Mae requests it, the servicer must not submit the original recorded LPOA (or a copy) to Fannie Mae.

For more information please see Servicing Guide F-1-10, Obtaining and Executing Legal Documents. 

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If you have additional questions, Fannie Mae customers can visit Ask Poli to get information from other Fannie Mae published sources.

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