RC_LA_ST_300.2 Investor Requirements for Servicing Transfers
MBA Member Price: $49.00
Nonmember Price: $79.00Purchase
This is a single-family/residential course.
An investor is any person or institution that invests in mortgages or mortgage-backed securities. When discussing mortgage loan servicing, the term investor commonly refers to government agencies such as Ginnie Mae; government-sponsored enterprises (GSEs), including Fannie Mae and Freddie Mac; and private investors. It should be standard procedure for all servicers, both buyers and sellers, to obtain and follow the investor's guidelines for each transfer. Timelines, forms, fees, and due diligence are all components that need to be attended to precisely in order to achieve success. Each servicer builds a history with each transfer, which influences the servicer's ability to participate in future transfers.
Investor Requirements for Servicing Transfers discusses standard requirements that most private investors have for servicing transfers. It then provides an overview of guidelines specific to Fannie Mae, Freddie Mac, and Ginnie Mae. As applicable, the approval process, buyer and seller requirements, delivery requirements, and document custodian requirements for the various investors are discussed.
- Private Investors
- Fannie Mae Requirements for Servicing Transfers
- Freddie Mac Requirements for Servicing Transfers
- Ginnie Mae Requirements for Servicing Transfers
Seat time approximately one (1) hour.