Fannie Mae today issued a Request for Proposal (RFP) to identify potential suppliers to participate in a Title Acceptance pilot that was announced by FHFA on March 7, 2024, followed by an update from Fannie Mae on April 12, 2024, announcing the forthcoming proposal. The proposal consists of two sections. The first section is focused on identifying industry participants that own or use an instant title engine for use in the pilot. The second section seeks input from a diverse group of industry participants on ways to reduce title, escrow, and other closing costs through technology, process improvements, alternative title products, alternate rate and fee structures, or other changes to make homeownership more affordable for borrowers in a safe and sound manner.

Fannie Mae requests that interested parties register through its ProcureOne platform on or before July 11, 2024. Respondents are able to submit their RFP responses until July 26, 2024.

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Fannie Mae advances equitable and sustainable access to homeownership and quality, affordable rental housing for millions of people across America. We enable the 30-year fixed-rate mortgage and drive responsible innovation to make homebuying and renting easier, fairer, and more accessible. To learn more, visit:
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