Fannie Mae Publishes List of Approved Underwriters for Funding Multifamily Deals

​ALTA reported that Fannie Mae published a list of title insurance underwriters it has approved to perform funding functions—except where limited by law—for multifamily mortgages.

Approved underwriters include:

• Alamo Title Insurance
• Commonwealth Land Title Insurance Company
• Chicago Title Insurance Company
• Fidelity National Title Insurance Company
• National Title Insurance Company of New York, Inc.
• First American Financial Corporation
• First American Title Guaranty Company
• First American Title Insurance Company
• First American Title Insurance Company of Louisiana
• Old Republic International Corporation
• Old Republic National Title Insurance Company
• American Guaranty Title Insurance Company
• Stewart Information Services Corporation
• Stewart Title Guaranty Company
• Westcor Land Title Insurance Company

Fannie Mae, which announced the new requirement in May, said it made the change due to several fraudulent transactions accounting for losses of nearly $300 million.

These changes are similar to escrow and settlement function requirements Freddie Mac announced last year.