Fannie Mae’s small-scale title waiver pilot program is likely to get larger soon.

Bill Pulte, director of the Federal Housing Finance Agency (FHFA), announced the news through his social media account this week.

“Fannie Mae is working actively to expand its title pilot program, especially on title insurance for home refinancings,” Pulte stated on his personal X account. “As long as it is safe and sound, our team is pushing for efficiencies and lower costs in title insurance. Announcements coming soon from the Fannie Team!”

According to Fannie Mae, the program is a limited test that allows certain qualifying refinance mortgages — those with a low title risk — to be sold without requiring a lender’s title insurance policy or an attorney opinion letter. It is intended to lower the cost for borrowers by using AI to manage title risk.

The title waiver pilot program kicked off in November 2024 with Dallas-based Doma Title Insurance as its inaugural test subject. Then in July 2025, Fannie Mae added a second vendor, Westcor Land Title Insurance Co., headquartered in Maitland, Fla., and an affiliate of Ardán Inc.

The American Land Title Association (ALTA) is the national trade association for the title insurance industry. It told Scotsman Guide that while refinances may look simple, they are not risk-free.

“Research shows fraud and forgery account for approximately 40% of title claim costs associated with refinance transactions, with the average refinance fraud and forgery claim costing more than $206,000 — a cost that most homeowners cannot absorb on their own,” ALTA said.

It added: “Eliminating proven safeguards does not eliminate risk. It shifts risk to consumers, lenders and the broader housing market, which could undermine both the affordability and sustainability of homeownership.”

It is not known how many more companies will be invited to join the program, or what the timeline will be. Emails from Scotsman Guide to Fannie Mae, Doma and Westcor had not received a response as of publication time.

Pulte oversees Fannie Mae and fellow government-sponsored mortgage giant Freddie Mac, along with heading the FHFA. He also was recently appointed by President Donald Trump as the acting director of national intelligence, a position that took effect June 19.