Fannie Mae requires approved title insurers to meet financial strength, quality, and coverage standards to ensure loans can be delivered and securitized without complications. WFG received approval as a multifamily title insurer meeting those standards. WFG approval enables commercial customers, lenders, and WFG title agents to achieve faster, smoother closings with fewer exceptions, less remedial work, and greater certainty of execution. WFG provides escrow services and the ability to perform funding functions on behalf of its agents, meeting a capability now required for Fannie Mae multifamily closings. Fannie Mae maintains an updated list of approved multifamily title insurers on its website.
Fannie Mae requires approved insurers to meet financial strength, quality and coverage standards to ensure loans can be delivered and securitized without complications. For our commercial customers, lenders, and WFG title agents this approval means faster, smoother closings with fewer exceptions, less remedial work, and greater certainty of execution, said David Sallean, executive vice president of WFG National Commercial Title Services.
It's a powerful advantage for multifamily deals that demand both speed and compliance with Fannie Mae's requirements. WFG also provides escrow services and the ability to perform funding functions on behalf of its agents a capability now required for Fannie Mae multifamily closings. Fannie Mae's updated list of approved multifamily title insurers is available here.
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