![]() ![]() The servicer of a second mortgage must retain a copy of the insurance policy, any endorsements to it, and evidence of premium payments.The lender or servicer must retain acceptable evidence of insurance for each required policy, which includes sufficient information about the insurance policy, the subject property, and the borrower to ensure compliance with Fannie Mae's requirements for a first mortgage, unless the lender or servicer is covered by a mortgage impairment or mortgagee interest insurance policy or uses other evidence of insurance that Fannie Mae considers acceptable. ![]() ![]() Information related to the policy should be passed on to the servicer, when applicable. The lender or servicer must verify the existence of a valid insurance policy that meets Fannie Mae's requirements.Lenders and servicers must follow the requirements below for documenting and retaining evidence of property insurance policies: ![]()
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