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:
• Listing/Selling Real Estate Agents and Companies
• Title Agent/Title Company
• Buyers and Sellers Attorney
• Settlement Agent/Settlement Company
• Appraiser/Appraisal Company
• Loan Officer
• Loan Processor