Bulletin W1273 - Power of Attorney Process
September 6, 2012
Attached is a bulletin which outlines the policy regarding the use of a Power Attorney in the loan process.
- The policy can be found on the Intranet
- Addresses the following types of Power of Attorney:
- Military Durable Power of Attorney
- General Power of Attorney
- Special Power of Attorney
- Requirements of a Power of Attorney vary based on the type of loan, the policy outlines the requirements by loan type:
- Conventional
- FHA
- VA
- Any exception to the outlined policy must be approved by the Underwriting Manager
Usage of Power of Attorneys will be tracked on a monthly basis
Download: Bulletin - #W1273 (PDF)
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