Fidelity National Financial clarified it is not part of Fannie Mae's insurance waiver pilot program but is eager to collaborate on innovative title insurance solutions. Michael Rubin expressed that title industry members will closely observe developments and emphasized the importance of maintaining the value of their product. Last week, Westcor Land Title Insurance Co. joined Fannie Mae's pilot program, which allows certain mortgage lenders to utilize an automated title review process focused on specific refinance loans with defined loan-to-value ratios and geographic restrictions.
Fidelity National Financial has a long history of working with the GSEs and FHFA in protecting homeownership and property rights. We look forward to collaborating with the GSEs and FHFA on innovative title insurance solutions.
Westcor Land Title Insurance Co. became the second title vendor to take part in Fannie Mae's title insurance waiver pilot program, which allows approved mortgage lenders to use an automated title review process.
#title-insurance #fidelity-national-financial #fannie-mae #real-estate-transactions #fhfa-waiver-program
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