Bulletin W1273 – Power of Attorney Process

September 6, 2012Bulletins

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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