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January 6, 2015
Business Accounts Documentation and Procedures with Beneficial Ownership
Deborah Crawford

January 6, 2015
FFIEC Cybersecurity Initiatives and Observations from the 2014 Assessments
Susan Orr

January 15, 2015
The ABC's of IRAs - The Basic Ingredients
Patrice Konarik

January 20, 2015
B & Z Appraisal Rules - Getting Them Right
Jack Holzknecht

January 21, 2015
HMDA Soup to Nuts
David Dickinson

January 22, 2015
Navigating the Treacherous Waters of IRA Rollovers, Transfers and Beneficiary Payouts
Patrice Konarik

January 28, 2015
Mortgage Life Cycle
Part I
David Dickinson and Jerod Moyer



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#1442595 - 09/14/10 12:31 PM FNMA Exclluded Parties
Truffle Royale Offline

10K Club

Registered: 07/09/03
Posts: 14387
Haven't seen this brought up yet.
One of our investors jumped on this so we've been doing it since 6/21.
I'm interested in how others are dealing with this issue.



Validation of Qualified Parties to the Transaction

Fannie Mae is implementing a new policy that requires lenders to confirm that companies or individuals involved in the origination, underwriting, or servicing of the mortgage transaction are not on the General Services Administration (GSA) Excluded Party List or the HUD Limited Denial of Participation List (“LDP List”) prior to delivery of the loan. Regardless of the reason for the party being excluded, any party to the transaction included on either list will result in the loan being ineligible for delivery.

Companies or individuals involved in a mortgage transaction include the following:

• Borrower
• Seller
• Listing/Selling Real Estate Agents and Companies
• Builder
• Title Agent/Title Company
• Buyers and Sellers Attorney
• Settlement Agent/Settlement Company
• Appraiser/Appraisal Company
• Loan Officer
• Loan Processor
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Everyone is entitled to their own opinions, but not their own facts. - Daniel P. Moynihan

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Lending Compliance
#1442612 - 09/14/10 12:45 PM Re: FNMA Exclluded Parties [Re: Truffle Royale]
West Coast Comp Offline
Gold Star

Registered: 06/21/10
Posts: 350
Loc: Lost in the rain.
We use Fraudguard, which automatically checks the exclusion list.
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Where I go there I am. smile

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