Fannie Mae: Have You Seen Our New Spanish Resources for Lenders?
March 2, 2016
Spanish speaking consumers represent one of the largest growing segments of the mortgage market. These Spanish Language Resources for Lenders can help you serve this market.
This page consolidates Spanish versions of many loan origination documents such as the loan application, loan estimate, verification forms, closing disclosure, mortgage and note, plus includes links to many other helpful mortgage resources—all in one place.
Use our sample Notice to Borrowers About Spanish and English Language Documents to help consumers understand that the mortgage transaction will be conducted in English, to encourage them to work with a mortgage professional fluent in both English and Spanish and for access to additional resources (such as the CFPB’s Spanish language website) and HUD Approved Housing Counselors.
Important Note: There are many legal issues involved in originating mortgage loans in a language other than English, including federal, state and local laws (such as those for California, Illinois, Massachusetts, Oregon, Texas and the District of Columbia) that address marketing, negotiating, and conducting lending activities. You should consult legal counsel about which requirements may apply to your business and the use of these materials.
Source: Fannie Mae (Full Spanish Language Resources for Lenders webpage)