April 21: How GSE Guidance Updates Impact the Title Industry

Webinar Recording: How GSE Guidance Updates Impact the Title Industry

Slide Deck: Click Here to Download the Presentation

Webinar Question Responses: Click Here to Download 

***The contents of this slide deck is an ALTA product. The definitive positions of the GSEs are reflected in their respective guides, lender letters, bulletins and other published guidance.

In response to the COVID-19 pandemic, Fannie Mae and Freddie Mac have modified their Seller Guides and provided temporary guidance on several policy areas to support mortgage originations, including limited powers of attorney, acceptance of remote online notarization and requirements for gap coverage. Register for this webinar to hear from leadership from the Government Sponsored Entities and learn how these changes will affect closings and title insurance policies.

Key items the webinar will address:

  • Closing requirements for the use of a power of attorney for the borrower
  • Use of Remote Online Notarization (RON) on loans that include wet ink signed promissory Notes
  • Determination of states where GSEs accept RON
  • Closings where notary witnesses wet ink signing remotely (via Zoom, Skype, etc.)
  • Loan policy requirements concerning gap coverage

Panelists:

  • John Valdivielso | Associate General Counsel | Freddie Mac
  • Jim Newell | Managing Associate General Counsel | Freddie Mac
  • Jon Breeding | Insurance Policy Manager | Freddie Mac
  • John D. Burley | Associate General Counsel | Fannie Mae
  • Brooke Adams | Associate General Counsel | Fannie Mae
  • Steve Gottheim | Senior Counsel | American Land Title Association

Moderator: 

  • Christopher Morton | Senior Vice President of Public Affairs | American Land Title Association

Date:

  • 1:00-2:00 p.m. ET, Tuesday, April 21, 2020