Configuration Updates: Configuration Change to Explanation of Loan Terms (POA) (Cx23852)
As discussed previously, under FNMA LL-2020-03 and FHLMC Bulletin 2020-8, settlement agents and other persons “connected to the transaction” are permitted to act as an attorney-in-fact for borrowers, as an emergency measure due to the COVID-19 “lockdowns” which prevented the borrower from attending settlements in person….