Fannie Mae Selling Guide A4-1-04 — Submission of Irrevocable Limited Powers of Attorney

Fannie Mae Selling Guide A4-1-04 — Submission of Irrevocable Limited Powers of Attorney

A4-1-04, Submission of Irrevocable Limited Powers of Attorney (05/04/2022) Introduction This topic contains information on irrevocable limited powers of attorney, including: Submitting Irrevocable Limited Power of Attorney (Form 520) to Fannie Mae Change in Seller/Servicer Legal Name Submitting Irrevocable Limited Power of Attorney (Form 520) to Fannie Mae Seller/servicers must complete and deliver five executed original Form 520 to Fannie Mae at the address indicated on the instructions to the form. See below for an exception to this requirement. All signatures on the Form 520 must be provided using traditional in-person ink-signed methods. Irrespective of the law of the place of execution, the notary may not use the remote in-person method of signatory authentication and signature witnessing or eNotarization, including remote online notarization, to satisfy the notarization of the Form 520. The Form 520 does not modify the duties and obligations of the parties under the Lender Contract. The Form 520 is a free-standing remedial instrument intended to preserve and protect Fannie Mae's interest in loans serviced by the seller/servicer. In the event of exigent circumstances, Fannie Mae will use the power of attorney at its sole discretion (for example, when for whatever reason a seller/servicer is unable or unwilling to execute Published May 6, 2026 147 requested assignments of mortgages on a timely basis). In lieu of the Form 520, a seller/servicer that is a housing finance agency, as defined in 24 C.F.R. §266.5, may submit a letter confirming that it meets such definition. After Fannie Mae has reviewed and verified compliance with the definition, the seller/servicer will be exempt from this requirement. Change in Seller/Servicer Legal Name If there are changes in a seller/servicer's legal name that requires approval or notice as required in A4-1-03, Report of Changes in the Seller/Servicer’s Organization, the seller/servicer shall prepare five new Form 520 in the new name of the seller or servicer and deliver them to Fannie Mae in accordance with the instructions within thirty (30) days of the effective date of such legal name change. Recent Related Announcements The table below provides references to recently issued Announcements that are related to this topic. Announcement Issue Date Announcement SEL-2022-04 May 04, 2022 Published May 6, 2026 148 Part B, Origination Through Closing Introduction This part provides the requirements for originating conventional and government loans for sale to Fannie Mae. B1, Loan Application Package This subpart contains information concerning the documentation required in application packages for loans to be delivered to Fannie Mae and the allowable age of credit documents. It also includes a sample borrower authorization form. B2, Eligibility This subpart provides Fannie Mae eligibility policies. B3, Underwriting Borrowers This subpart contains borrower underwriting policies for conventional mortgage loans for sale to Fannie Mae. B4, Underwriting Property This subpart contains property eligibility and underwriting policies for conventional loans for sale to Fannie Mae. B5, Unique Eligibility and Underwriting Considerations This subpart contains unique eligibility and underwriting considerations. Where appropriate, references to Fannie Mae’s standard underwriting policies and requirements are provided. B6, Government Programs Eligibility and Underwriting Requirements This subpart contains information on eligible government mortgage programs. B7, Insurance This subpart provides requirements for mortgage, title, and other types of insurance. B8, Closing: Legal Documents This subpart provides Fannie Mae’s policies on documenting the loan closing process. Published May 6, 2026 149 Subpart B1, Loan Application Package Introduction This subpart describes the documentation required in application packages for loans to be delivered to Fannie Mae. It describes the allowable age of credit documents and provides a sample of a borrower’s signature authorization form. Chapter B1-1, Application Package Documentation Introduction This chapter describes the documents that must be included in the loan application package, and provides a sample Blanket Authorization form. This chapter also contains information on the allowable age of credit documents and federal income tax returns.

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