Selling Guide

Published June 3, 2020

The Selling Guide is organized into parts that reflect how lenders generally categorize various aspects of their business relationship with Fannie Mae. To begin browsing, select from any of the sections below. You may also download the entire Selling Guide in PDF format.

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What does "maintain the recording of the notarial ceremony for the life of the loan" mean for lenders?

Note: This FAQ comes from the published COVID-19, FAQs on Notarization & Power of Attorney.

What does “maintain the recording of the notarial ceremony for the life of the loan” mean for storage by lenders?

The requirements are not prescriptive about how this must be stored, but lenders must be able to have the ability to access the notarial ceremony upon our request. Lenders may develop their own system or rely on a vendor’s capabilities to satisfy this requirement.

Note: the minimum requirements for the system used for remote notarization include a separate storage of the notarial ceremony. This storage must be for the minimum period required by applicable laws or seven years, if no period is specified in the applicable laws.

For more information, refer to the published Lender Letter LL-2020-03, Impact of COVID-19 on Originations.

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