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North American Title Insurance Company is a seasoned title insurance underwriter that has been helping customers achieve the American dream of homeownership for more than 50 years. In the past several years, we have become known as the “underwriter next door,� because our associates are always easy to reach and our processes are, at all times, quick and straightforward. Our agency application process is fast and transparent for qualified agents. NATIC offers a one-hour underwriting response guarantee that is unparallelled in our industry. In addition, we value our agents based on their title industry knowledge and experience, not just on profits alone.

Ginnie Mae Revises the Document Custodian Manual

December 21, 2004

   Related Information
APM 04-18
Updated Document Custodian Manual - Dated December 17, 2004 [pdf]

Chapter 13: Document Custodians — Eligibility And Responsibilities

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Chapter 13: Document Custodians — Eligibility And Responsibilities

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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American Land Title Association
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Washington, D.C. 20036-5828
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