In the Instructions given for FNMA Security Instruments on the FNMA website, Instruction #9 reads:
“Lenders MAY preprint this document with County embedded in that portion of the section of the document titled TRANSFER OF RIGHTS IN THE PROPERTY that requires entry of the Type of Recording Jurisdiction, if all mortgage recordations in the state take place at the county level. In such cases, the words [Type of Recording Jurisdiction] do not have to appear beneath the word County. In addition, if documents are prepared on a transaction-by-transaction basis and the Name of Recording Jurisdiction is typed in when the document is prepared, the words [Name of Recording Jurisdiction] do not have to appear beneath the actual name of the recording jurisdiction.”
In order to follow these instructions more closely, DocuTech will be making the following slight alterations to our Security Instruments in the section labeled “TRANSFER OF RIGHTS IN THE PROPERTY”:
1) We will preserve the label [Type of Recording Jurisdiction] for all states that could record in a type of jurisdiction other than a County. These states are Alaska, the District of Columbia, Louisiana, Maryland, Missouri, Nevada, and Virginia.
2) If the field containing the name of the recording jurisdiction is populated in the loan file, we will remove the [Name of Recording Jurisdiction] label. If the field is not populated in the loan file and prints a blank line, we will preserve the label [Name of Recording Jurisdiction] following the blank line.
These changes will be made live as they are completed, beginning with the states previously mentioned above that could record in a type of jurisdiction other than a County. The first batch will be made live on May 9, 2015. Please note that these changes will also be made to the new FHA Security Instruments when they are effective on September 14, 2015. If you have any questions or concerns about these changes, please contact Client Support at 1.800.497.3584.
May 7, 2015
TW 115777 and related DRs