Ginnie Mae Issues HMBS Certification Requirements for HECM Life Estates

January 4, 2011

According to policy guidance, the document custodian must verify that the promissory note is executed by the holder of the life estate; the security instrument is executed by the holder of the life estate and any future interests; the intervening assignments reflect such mortgagors; and the title insurance lists such mortgagors as holding title.

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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.