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SVC 2012-08: New Document Custodian Requirements

Fannie Mae issued Servicing Guide Announcement SVC-2012-08 to announce changes to document custodians’ responsibilities with respect to compliance audits and certification practices. The announcement further states that document custodians must engage third-party auditors to conduct an annual assessment of eligibility and operational compliance.  All custodians must also develop and implement a monthly quality control review by September 30, 2012.

SOLUTIONS THAT WORK. TECHNOLOGY TO STAY COMPLIANT.