Westcor Land Title Insurance Co. is now the second title vendor taking part in Fannie Mae‘s title insurance waiver pilot program. Federal Housing Finance Agency (FHFA) Director Bill Pulte announced the move in a social media post.
The waiver pilot, relaunched by Fannie Mae in March 2024, allows approved mortgage lenders to use an automated title review process to assess title risk during loan manufacturing and prior to loan purchase.
The pilot is limited to certain refinance loans with loan-to-value ratios of less than 80% in certain geographic areas. Doma was the first title insurance firm to details ⇒
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