WFG National Title added to Fannie Mae’s multifamily approval list

WFG National Title Insurance Co. has been added to Fannie Mae’s list of approved title insurers for multifamily transactions.

The designation means lenders and borrowers using WFG for Fannie Mae–financed multifamily deals can avoid delays caused by policy exceptions or compliance issues.

Fannie Mae requires approved insurers to meet financial strength, quality and coverage standards to ensure loans can be delivered and securitized without complications.

“For our commercial customers, lenders, and WFG title agents this approval means faster, smoother closings with fewer exceptions, less remedial work, and greater certainty of execution,” said David Sallean, executive vice president of WFG National Commercial Title Services.

“It’s a powerful advantage for multifamily deals that demand both speed and compliance with Fannie Mae’s requirements.”

WFG also provides escrow services and the ability to perform funding functions on behalf of its agents — a capability now required for Fannie Mae multifamily closings.

Fannie Mae’s updated list of approved multifamily title insurers is available here.