Fannie Updates HUD-1 Rules

October 13, 2009

Fannie Mae recently issued new rules pertaining to its underwriting and eligibility policies, including changes to the HUD-1. Read on to learn how the changes impact escrow closing states, whether or not the buyer and seller need to sign the same document, and if a new HUD-1 is required if slight changes were made after one party signed the document.

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SoftPro, based in Raleigh, NC, offers a mature suite of products, designed specifically for the closing and title industry. Our mission is to serve our client base, with best-in-class products and services. Our products are modular so we don't force you to buy anything you don't need. You can always add on as your business grows. Unlike other software companies, we view the sale as the beginning of the relationship rather than the end. 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. ALTA ONE Sidebar Ad - Green and Blue