Ginnie Mae Announces Continuance of Temporary Measure for Electronic Signatures on forms HUD 11711A and HUD 11711B

Ginnie Mae recently announced, through APM 21-02, that it will extend the use of its temporary measure that permits electronic execution and transmission of forms HUD 11711A (Release of Security Interest) and HUD 11711B (Certification and Agreement).  Because of COVID-19-related concerns, Ginnie Mae had previously introduced—through APM 20-01 and covered by WBK here—the temporary measure that allowed interim lenders and issuers to execute these forms via an electronic signature. Ginnie Mae required that the signature be incorporated in a manner such that a reader could identify the name, title, and business name of the signor. APM 20-01 further stated that any of these forms that were signed electronically could also be transmitted electronically among interim lenders, issuers, and Document Custodians, provided that the forms were in PDF format and that the Document Custodian could print out the PDF file to incorporate in a physical file should Ginnie Mae request it.