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Form 582 Reminders: Update Your Contacts and Keep Your Access Active
Lenders are reminded that although Form 582 (Lender Record Information) must be completed for certification only once a year, Form 582 users should log in every 90 days to ensure their user credentials remain active and avoid being locked out.
Form 582's New Lender-Placed Insurance Servicer Certification
Form 582 was updated to add a new lender-placed insurance servicer certification. In the certification, servicers must certify that they comply with Fannie Mae’s requirements for acceptable lender-placed insurance costs and carriers. The updated Form 582 replaces the interim certification form, Form 202.
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