APM 04-18 Updated Document Custodian Manual - Dated December 17, 2004 [pdf] Chapter 13: Document Custodians — Eligibility And Responsibilities [pdf] View Online 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