
Document Custodial Options and Requirements Form
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People also ask
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What is a custodian document?
The document custodian certifies the complete and accurate representation of the documents within its control. Under the terms of the Master Custodial Agreement, documents may be released to the Issuer from time to time in connection with servicing. Only the Issuer may request the release of documents.
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What is the purpose of the mortgage document?
A mortgage or security instrument: This explains your responsibilities and rights as a borrower. The mortgage grants the lender or servicer the right to foreclose on your home if you fail to make payments as you've agreed.
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What does a document custodian do?
The document custodian certifies the complete and accurate representation of the documents within its control. Under the terms of the Master Custodial Agreement, documents may be released to the Issuer from time to time in connection with servicing.
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What is a mortgage custodian?
Mortgage Custodian . A Person appointed by the Trustee at any time as its agent as mortgage custodian pursuant to Section 8.11(h) hereof which is unaffiliated with the Depositor, which initially shall be the Trustee.
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What is a mortgage document custodian?
The document custodian is acting on behalf of the seller/servicer and Fannie Mae when signNowing loan documents and data at the time of acquisition by Fannie Mae. The roles and responsibilities of the document custodian are described in the Fannie Mae Requirements for Document Custodians (RDC guide).
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What is a mortgage custodial account?
A Custodial Account is a Demand Deposit Account or Interest-Bearing Deposit Account established and maintained by a Servicer at an Eligible Depository, into which Principal and Interest Payments, Escrow Funds and other monies due to Freddie Mac or held on behalf of Freddie Mac Mortgages are deposited.
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