source:
  type: guide
  id: fnma-sel-b8-3-04
  authority: Fannie Mae Selling Guide B8-3-04 — Note Endorsement
  description: Fannie Mae Selling Guide B8-3-04 — Note Endorsement.
  coverage_tier: operative
obligations:
- id: fnma-sel-b8-3-04-full
  canonical_id: fnma-sel-b8-3-04-full
  section: Fannie Mae Selling Guide B8-3-04 — Note Endorsement
  type: do
  tags:
  - regulator-direct
  - fnma
  - selling-guide
  - corpus-expansion
  - tier-operative
  primary_source:
    tier: 1
    authority: Fannie Mae Selling Guide B8-3-04 — Note Endorsement
    source_class: fnma-guide
    source_url: https://singlefamily.fanniemae.com/media/document/pdf/selling-guide
    snapshot_id: 5f7b8b79da595d76
    fetched_at: '2026-05-25T14:09:57Z'
    content_hash: sha256:98cf85a02861bbe84914a0e339b327c8fc131869a8a573882007bbeea60c5701
    paragraph_quote: 'B8-3-04, Note Endorsement (10/02/2019) Introduction This topic
      contains information on note endorsement, including: Note Endorsement Using
      an Allonge for the Endorsement Signature Requirements for Endorsements Published
      May 6, 2026 899 Note Endorsement The originating lender must be the original
      payee on the note, even when MERS is named as nominee for the beneﬁciary in
      the security instrument. The note must be endorsed to each subsequent owner
      of the mortgage unless one or more of the owners endorsed the note in blank.
      The last endorsement on the note should be that of the mortgage seller. The
      mortgage seller must endorse the note in blank and without recourse. For example:
      PAY TO THE ORDER OF WITHOUT RECOURSE LENDER’S NAME (Authorized Signature) NAME
      OF AUTHORIZED SIGNER TITLE OF AUTHORIZED SIGNER Using an Allonge for the Endorsement
      The endorsement must appear on the note. An allonge may be used for the endorsement
      as long as the following requirements are met: The form and content of the allonge
      used must comply with all applicable state, local, or federal law governing
      the use of allonges and result in an enforceable and proper endorsement to the
      note. The allonge must be permanently aﬃxed to the related note and must clearly
      identify the note by referencing at least the name of the borrower(s), the date
      of the note, the amount of the note, and the address of the security property.
      The note must clearly reference the attached allonge. Fannie Mae’s status as
      a “holder in due course” must not be impaired. Any subsequent endorsements should
      be, but are not required to be, placed on the allonge. The lender must indemnify
      Fannie Mae (as described in A2-1-03, Indemniﬁcation for Losses) for any losses
      incurred by Fannie Mae as a result of the use of an allonge for the note endorsement(s).
      Signature Requirements for Endorsements The endorsement should be signed only
      by those persons speciﬁcally authorized to execute documents in the lender’s
      behalf. Signatures must be original, except that Fannie Mae accepts a lender’s
      facsimile endorsement of notes for those jurisdictions in which the lender has
      determined that such endorsements are valid and enforceable. A lender that chooses
      to use facsimile signatures to endorse notes must warrant that the endorsement
      is valid and enforceable in the jurisdiction(s) in which the security properties
      are located and must retain in its corporate records the following speciﬁc documentation
      authorizing the use of facsimile signatures: legal opinions related to the legality
      and enforceability of facsimile signatures for each jurisdiction in which the
      lender uses them; Published May 6, 2026 900 a resolution from the lender’s board
      of directors authorizing speciﬁc oﬃcers by name or title to use facsimile signatures,
      stating that facsimile signatures are a valid and binding act on the lender’s
      part, and authorizing the lender’s corporate secretary to certify the validity
      of the resolution, and the names or titles of the oﬃcers authorized to execute
      documents by using facsimile signatures, and the authenticity of specimen forms
      of facsimile signatures; the corporate secretary’s certiﬁcation of the authenticity
      and validity of the board of director’s resolution; a notarized certiﬁcation
      of facsimile signature, which includes both the facsimile and the original signatures
      of the signing oﬃcer(s) and each oﬃcer’s certiﬁcation that the facsimile is
      a true and correct copy of their original signature. The mortgage seller may
      not delegate to an attorney-in-fact its authority to execute an endorsement.
      The endorsement may not be executed by a party using a power of attorney. Recent
      Related Announcements The table below provides references to recently issued
      Announcements that are related to this topic. Announcements Issue Date Announcement
      SEL-2019-08 October 02, 2019 Chapter B8-4, Riders and Addenda Introduction This
      chapter provides information on riders and addenda.'
  judgment: false
