Servicing Guide

Published September 9, 2020

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Is there a standard Limited Power of Attorney document?

The servicer must use the following form to execute an LPOA. The servicer must not amend the list of transactions for which the document will be used. 

Limited Power of Attorney

Fannie Mae, a corporation organized and existing under the laws of the United States of America, having an office for the conduct of business at 5600 Granite Parkway VII, Plano, TX 75024, constitutes and appoints ______________________________, a _______________________ organized and existing under the laws of _________________, its true and lawful Attorney-in-Fact, and in its name, place and stead and for its use and benefits, to execute, endorse, and acknowledge all documents customarily and reasonably necessary and appropriate for:

  • the release of a borrower from personal liability under the mortgage or deed of trust following an approved transfer of ownership of the security property;

  • the full satisfaction or release of a mortgage or the request to a trustee for a full reconveyance of a deed of trust;

  • the partial release or discharge of a mortgage or the request to a trustee for a partial reconveyance or discharge of a deed of trust;

  • the modification or extension of a mortgage or deed of trust;

  • the subordination of the lien of a mortgage or deed of trust;

  • the completion, termination, cancellation, or rescission of foreclosure relating to a mortgage or deed of trust, including (but not limited to) the following actions:

  • the appointment of a successor or substitute trustee under a deed of trust, in accordance with state law and the deed of trust;

  • the issuance of a statement of breach or nonperformance;

  • the issuance or cancellation or rescission of notices of default;

  • the cancellation or rescission of notices of sale; and

  • the issuance of such other documents as may be necessary under the terms of the mortgage, deed of trust, or state law to expeditiously complete said transactions, including, but not limited to, assignments or endorsements of mortgage loans, deeds of trust, or promissory notes to convey title from Fannie Mae to the Attorney-in-Fact under this Limited Power of Attorney;

  • the conveyance of properties to the Federal Housing Administration (FHA), the Department of Housing and Urban Development (HUD), the Department of Veterans Affairs (VA), Rural Development (RD), or a state or private mortgage insurer; and

  • the assignment or endorsement of mortgage loans, deeds of trust, or promissory notes to the Federal Housing Administration (FHA), the Department of Housing and Urban Development (HUD), the Department of Veterans Affairs (VA), Rural Development (RD), a state or private mortgage insurer, or Mortgage Electronic Registration System (MERS®).

The undersigned gives to said Attorney-in-Fact full power and authority to execute such instruments and to do and perform all and every act and thing requisite, necessary, and proper to carry into effect the power or powers granted by or under this Limited Power of Attorney as fully, to all intents and purposes, as the undersigned might or could do, and hereby does ratify and confirm all that said Attorney-in-Fact shall lawfully do or cause to be done by authority hereof.

Third parties without actual notice may rely upon the power granted under this Limited Power of Attorney, upon the exercise of such power by the Attorney-in-Fact, that all conditions precedent to such exercise of power have been satisfied and that this Limited Power of Attorney has not been revoked unless an instrument of revocation has been recorded.

IN WITNESS WHEREOF, I have hereunto set my hand this ______ day of __________, ________.

FANNIE MAE

By: __________________________,

Assistant Vice President

By: __________________________,

Assistant Vice President

STATE OF TEXAS}

COUNTY OF COLLIN}

The foregoing instrument was acknowledged before me, a notary public commissioned in Collin County, Texas this _______ day of _____________, by ________________, Assistant Vice President, and by ___________________, Assistant Vice President, of Fannie Mae, a United States Corporation, on behalf of the corporation.

______________________________, Notary Public

My commission expires: ___________________

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.

Guide Resources

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Visit Selling and Servicing Guide Communications and Forms

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