Satisfying the Mortgage Loan When Fannie Mae Is the Mortgagee of Record
The servicer that does not have a LPOA (or that has a power of attorney that does not cover release and satisfaction documents) must send any required release or satisfaction documents to Fannie Mae for execution, whether or not Fannie Mae is holding the custody documents.
Satisfying the Mortgage Loan When Fannie Mae Is Not the Mortgagee of Record
If Fannie Mae is not the mortgagee of record for a mortgage loan, the servicer must execute any required satisfaction documents in its own name (or in MERS’ name, if applicable for a MERS-registered mortgage loan).
Related Announcements
The following table provides references to Announcements that are related to this topic.
Additional Information: https://www.fanniemae.com/content/guide/servicing/c/1.2/04.html