source:
  type: guide
  id: fnma-sel-a4-1-04
  authority: Fannie Mae Selling Guide A4-1-04 — Submission of Irrevocable Limited
    Powers of Attorney
  description: Fannie Mae Selling Guide A4-1-04 — Submission of Irrevocable Limited
    Powers of Attorney.
  coverage_tier: operative
obligations:
- id: fnma-sel-a4-1-04-full
  canonical_id: fnma-sel-a4-1-04-full
  section: Fannie Mae Selling Guide A4-1-04 — Submission of Irrevocable Limited Powers
    of Attorney
  type: do
  tags:
  - regulator-direct
  - fnma
  - selling-guide
  - corpus-expansion
  - tier-operative
  primary_source:
    tier: 1
    authority: Fannie Mae Selling Guide A4-1-04 — Submission of Irrevocable Limited
      Powers of Attorney
    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: 'A4-1-04, Submission of Irrevocable Limited Powers of Attorney
      (05/04/2022) Introduction This topic contains information on irrevocable limited
      powers of attorney, including: Submitting Irrevocable Limited Power of Attorney
      (Form 520) to Fannie Mae Change in Seller/Servicer Legal Name Submitting Irrevocable
      Limited Power of Attorney (Form 520) to Fannie Mae Seller/servicers must complete
      and deliver ﬁve executed original Form 520 to Fannie Mae at the address indicated
      on the instructions to the form. See below for an exception to this requirement.
      All signatures on the Form 520 must be provided using traditional in-person
      ink-signed methods. Irrespective of the law of the place of execution, the notary
      may not use the remote in-person method of signatory authentication and signature
      witnessing or eNotarization, including remote online notarization, to satisfy
      the notarization of the Form 520. The Form 520 does not modify the duties and
      obligations of the parties under the Lender Contract. The Form 520 is a free-standing
      remedial instrument intended to preserve and protect Fannie Mae''s interest
      in loans serviced by the seller/servicer. In the event of exigent circumstances,
      Fannie Mae will use the power of attorney at its sole discretion (for example,
      when for whatever reason a seller/servicer is unable or unwilling to execute
      Published May 6, 2026 147 requested assignments of mortgages on a timely basis).
      In lieu of the Form 520, a seller/servicer that is a housing ﬁnance agency,
      as deﬁned in 24 C.F.R. §266.5, may submit a letter conﬁrming that it meets such
      deﬁnition. After Fannie Mae has reviewed and veriﬁed compliance with the deﬁnition,
      the seller/servicer will be exempt from this requirement. Change in Seller/Servicer
      Legal Name If there are changes in a seller/servicer''s legal name that requires
      approval or notice as required in A4-1-03, Report of Changes in the Seller/Servicer’s
      Organization, the seller/servicer shall prepare ﬁve new Form 520 in the new
      name of the seller or servicer and deliver them to Fannie Mae in accordance
      with the instructions within thirty (30) days of the eﬀective date of such legal
      name change. Recent Related Announcements The table below provides references
      to recently issued Announcements that are related to this topic. Announcement
      Issue Date Announcement SEL-2022-04 May 04, 2022 Published May 6, 2026 148 Part
      B, Origination Through Closing Introduction This part provides the requirements
      for originating conventional and government loans for sale to Fannie Mae. B1,
      Loan Application Package This subpart contains information concerning the documentation
      required in application packages for loans to be delivered to Fannie Mae and
      the allowable age of credit documents. It also includes a sample borrower authorization
      form. B2, Eligibility This subpart provides Fannie Mae eligibility policies.
      B3, Underwriting Borrowers This subpart contains borrower underwriting policies
      for conventional mortgage loans for sale to Fannie Mae. B4, Underwriting Property
      This subpart contains property eligibility and underwriting policies for conventional
      loans for sale to Fannie Mae. B5, Unique Eligibility and Underwriting Considerations
      This subpart contains unique eligibility and underwriting considerations. Where
      appropriate, references to Fannie Mae’s standard underwriting policies and requirements
      are provided. B6, Government Programs Eligibility and Underwriting Requirements
      This subpart contains information on eligible government mortgage programs.
      B7, Insurance This subpart provides requirements for mortgage, title, and other
      types of insurance. B8, Closing: Legal Documents This subpart provides Fannie
      Mae’s policies on documenting the loan closing process. Published May 6, 2026
      149 Subpart B1, Loan Application Package Introduction This subpart describes
      the documentation required in application packages for loans to be delivered
      to Fannie Mae. It describes the allowable age of credit documents and provides
      a sample of a borrower’s signature authorization form. Chapter B1-1, Application
      Package Documentation Introduction This chapter describes the documents that
      must be included in the loan application package, and provides a sample Blanket
      Authorization form. This chapter also contains information on the allowable
      age of credit documents and federal income tax returns.'
  judgment: false
