source:
  type: guide
  id: fnma-svc-e-4.2-01
  authority: Fannie Mae Servicing Guide E-4.2-01 — Completing Conveyance Documents
  description: Fannie Mae Servicing Guide E-4.2-01 — Completing Conveyance Documents.
  coverage_tier: operative
obligations:
- id: fnma-svc-e-4.2-01-full
  canonical_id: fnma-svc-e-4.2-01-full
  section: Fannie Mae Servicing Guide E-4.2-01 — Completing Conveyance Documents
  type: do
  tags:
  - regulator-direct
  - fnma
  - servicing-guide
  - corpus-expansion
  - tier-operative
  primary_source:
    tier: 1
    authority: Fannie Mae Servicing Guide E-4.2-01 — Completing Conveyance Documents
    source_class: fnma-guide
    source_url: https://singlefamily.fanniemae.com/media/document/pdf/servicing-guide
    snapshot_id: cf63a82bbb4adfba
    fetched_at: '2026-05-22T23:53:19Z'
    content_hash: sha256:89df66c43baad07f8a8dd9d224492fff7d15e8839edba02ad0e74c7e50fe5da3
    paragraph_quote: 'E-4.2-01, Completing Conveyance Documents (04/10/2019) Introduction
      This topic contains the following: General Requirements for Completing All Conveyance
      Documents When Foreclosure Is Conducted in Fannie Mae''s Name When Foreclosure
      Is Conducted in the Servicer''s Name Conveying Insured Conventional Mortgage
      Loans Conveying FHA Mortgage Loans Conveying VA Mortgage Loans General Requirements
      for Completing All Conveyance Documents The following table outlines the required
      servicer actions for completing conveyance documents. ✓ The servicer must...
      Satisfy the requirements that FHA, HUD, VA, RD, or the mortgage insurer have
      established regarding conveyance of an acquired property to them and for completing
      the actual conveyance within the required time frame. Establish procedures to
      ensure that all post-foreclosure sale actions are taken in a timely manner,
      particularly in those states (such as Maryland) that require signiﬁcant post-sale
      actions to obtain good and marketable title. Note: Fannie Mae will hold the
      servicer responsible for a failure to obtain good and marketable title in a
      timely manner (even when the foreclosure sale was held within Fannie Mae''s
      prescribed time frame). Use the type of deed or other transfer instrument that
      is customarily used to convey a property in the jurisdiction where the security
      property is located. Published May 13, 2026 486 ✓ The servicer must... Instruct
      the law ﬁrm to include in the conveyance document(s) the • street address, •
      unit number (when applicable), and • legal description. Resume managing the
      eliminated/rescinded ﬁle pursuant to the Servicing Guide. Retain in its individual
      mortgage loan ﬁle the foreclosure deed and Mortgage Release documents and any
      and all material that could assist Fannie Mae in marketing, selling, or conveying
      the property. If Fannie Mae discovers during the marketing of an acquired property
      that additional information is needed, it will contact the servicer by telephone
      or email. The servicer must provide all requested additional information within
      three business days of the request. See A2-1-04, Execution of Legal Documents
      for additional information regarding the execution of legal documents. The servicer
      must follow the procedures in F-1-10, Obtaining and Executing Legal Documents.
      See also E-3.1-03, Fannie Mae Address for Instruments of Record When Foreclosure
      Is Conducted in Fannie Mae''s Name When the foreclosure is conducted in Fannie
      Mae''s name, no conveyance document is required unless the mortgage insurer
      or guarantor has indicated it will accept conveyance of the property. The following
      table outlines the required servicer actions when the foreclosure is conducted
      in Fannie Mae''s name and the mortgage insurer or guarantor indicates it will
      accept conveyance of the property. If the servicer... Then the servicer must...
      has Fannie Mae''s LPOA to execute conveyance documents prepare, execute, and
      submit for recordation a special or limited warranty deed conveying title to
      the property to the insurer or guarantor. does not have Fannie Mae''s LPOA or
      is otherwise unable to convey the title directly to the insurer or guarantor
      prepare the necessary documents to convey the property to the insurer or guarantor
      and submit them to Fannie Mae''s CPM division (see F-4-02, List of Contacts)
      for execution. This must be completed at least two weeks before title to the
      property will be turned over to the insurer or guarantor. Fannie Mae will return
      the documents to the servicer as soon as they are executed. Published May 13,
      2026 487 When Foreclosure Is Conducted in the Servicer''s Name If the servicer
      knows that a property can be conveyed directly to FHA or the VA, and that it
      is allowed to directly convey the title to them, it must do so. In the following
      circumstances, the servicer is responsible for the marketing and disposition
      of the acquired property and title to the property must remain in the servicer''s
      name for an FHA coinsured mortgage loan, a modiﬁed special servicing option
      or a regular servicing option RD mortgage loan, or any regular servicing option
      MBS mortgage loan, or an FHA or VA mortgage loan that cannot be conveyed. When
      the foreclosure is conducted in the servicer''s name and title vests in the
      servicer, the servicer must subsequently convey title to the property to Fannie
      Mae for the following mortgage loans: a conventional mortgage loan held in Fannie
      Mae''s portfolio, a conventional mortgage loan in a special servicing option
      MBS pool, or a special servicing option RD mortgage loan. When the servicer
      is required to convey title to the property to Fannie Mae after the property
      is acquired, the law ﬁrm must have the title vested in Fannie Mae''s name in
      a manner that will not result in the imposition of a transfer tax. The servicer
      must submit any deed for recordation that conveys title to Fannie Mae on the
      day following the foreclosure sale, or in applicable cases when title vests
      in the servicer by operation of court order without a foreclosure sale, the
      day following the date when the court’s order is entered on the docket. Should
      the mortgage insurer or guarantor decide to accept conveyance of the property
      after title has been conveyed to Fannie Mae, the servicer must proceed as described
      in When Foreclosure Is Conducted in Fannie Mae’s Name in E-4.2-01, Completing
      Conveyance Documents. Conveying Insured Conventional Mortgage Loans The conventional
      mortgage insurer decides whether it will accept conveyance of a property that
      secured a conventional mortgage loan only after the claim has been ﬁled. Therefore,
      the property cannot be conveyed until the mortgage insurer provides notice of
      its decision. Whenever the mortgage insurer agrees to accept the property, the
      servicer must immediately convey it. Conveying FHA Mortgage Loans The servicer
      can convey a property that secured an FHA mortgage loan as soon as Fannie Mae
      has acquired marketable title. The servicer must not convey a property that
      secured an FHA coinsured mortgage loan under any circumstances. Published May
      13, 2026 488 Conveying VA Mortgage Loans The servicer must convey a property
      that secured a VA mortgage loan to the VA when it sends the "notice of election
      to convey" within 15 days after the foreclosure sale date. The servicer must
      also send a preliminary billing for VA''s "upset price." Recent Related Announcements
      The table below provides references to recently issued Announcements that are
      related to this topic. Announcements Issue Date Announcement SVC-2019-02 April
      10, 2019'
  judgment: false
