Ginnie Mae Revises the Document Custodian Manual

December 21, 2004

The updated requirements clarify a number of processes and eliminate redundancies. Highlights of the changes to the Manual include:

  • Form HUD 11708 (revised 07/2003) – change in release code definitions
  • Disaster recovery plan – expands scope of plan
  • Fire-resistant storage – change in requirements
  • Insurance coverage requirements – clarification of requirements
  • Quality control program – new requirement
  • Good Standing – new requirement
  • Certification – changes to requirements relating to form HUD 11715, notes, intervening assignments, security instruments, and title policies
  • Forms – HUD 11702, 11706, 11708, 11711B, 11715, and global changes regarding electronic and hard copy requirements
  • Consolidation, Extension and Modification Agreement (“CEMA”) – clarification of requirements

SourceL Ginnie Mae

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North American Title Insurance Company (NATIC) is a seasoned title insurance underwriter, helping title agents to achieve their individual business goals for more than 50 years. Today, the company conducts real estate settlement services in 39 states and the District of Columbia through a network of experienced, independent agents.