WBK Industry News - Federal Regulatory Developments

Ginnie Mae APM 20-01 Permits Temporary Use of Digital Signatures on Specific Forms

Ginnie Mae has issued APM 20-01, temporarily permitting electronic execution and transmission of forms HUD-11711A (Release of Security Interest) and HUD-11711B (Certification and Agreement), which are usually required to have wet signatures. 

“The electronic signature must, in all cases, be performed, affixed or reflected as to allow a person reading the form to identify the name, title, and business name of the signor. The electronic signature may not be an audio recording, a video recording, or comprised exclusively of biometric data.”

“Once the crisis related to COVID-19 has been mitigated, or as otherwise directed by Ginnie Mae, the Issuer will be responsible for delivering forms HUD 11711A and HUD 11711B bearing wet signatures to the Document Custodian for the completion of Final Certification.”