304.05
Effective Date
Requirements
You must have title coverage in effect (i.e., the date of the signed pro forma policy or marked-up commitment) when you fund the Mortgage LoanMortgage LoanMortgage debt obligation evidenced, or when made will be evidenced, by the Loan Documents, or a mortgage debt obligation with a Fannie Mae credit enhancement. .
Guidance
The issued title policy should be later-dated to cover the Assignment of Security Instrument’s recording date.