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
Contact ALTA at 202-296-3671 or communications@alta.org.