source:
  type: guide
  id: fnma-sel-b7-2-02
  authority: Fannie Mae Selling Guide B7-2-02 — Title Insurer Requirements
  description: Fannie Mae Selling Guide B7-2-02 — Title Insurer Requirements.
  coverage_tier: operative
obligations:
- id: fnma-sel-b7-2-02-full
  canonical_id: fnma-sel-b7-2-02-full
  section: Fannie Mae Selling Guide B7-2-02 — Title Insurer Requirements
  type: do
  tags:
  - regulator-direct
  - fnma
  - selling-guide
  - corpus-expansion
  - tier-operative
  primary_source:
    tier: 1
    authority: Fannie Mae Selling Guide B7-2-02 — Title Insurer Requirements
    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: 'B7-2-02, Title Insurer Requirements (06/05/2019) Introduction
      This topic contains the following: Title Insurer Requirements Insurer Covered
      by Reinsurance Title Insurer Requirements A title insurer must be: Published
      May 6, 2026 844 duly authorized and licensed, as required, to issue title insurance
      in the state where the property is located; and further evaluated in accordance
      with the lender’s procedures for title insurer approval, which may include factors
      such as an acceptable rating from a rating agency, ﬁnancial strength of the
      title insurer, adequate reserves, record related to satisfactory title claim
      resolution, or strength of a reinsurance arrangement subject to the guidelines
      below. Note: Iowa Title Guaranty is an acceptable title guarantor for properties
      located in the state of Iowa. Insurer Covered by Reinsurance If the lender accepts
      an insurer based on the strength of a reinsurer, both the primary insurer and
      the reinsuring company must be licensed, as required, to issue title insurance
      within the state where the property is located and are in good standing with
      that state’s insurance regulator. Both insurance carriers must execute an Assumption
      of Liability Endorsement (Form 858) or an equivalent endorsement that provides
      for 100% reinsurance of the primary insurer’s policy and a 90-day written notice
      of termination of the reinsurance agreement. The alternative endorsement must
      be attached to the title insurance policy for each individual mortgage. Recent
      Related Announcements The table below provides references to recently issued
      Announcements that are related to this topic. Announcements Issue Date Announcement
      SEL-2019-05 June 05, 2019'
  judgment: false
