Fannie Mae
Lending, Servicing, Real Estate, Investments
Fannie Mae’s Desktop Underwriter validation service leverages digital data from vetted third-party vendors to validate borrowers’ income, assets, and employment. The report cuts the time from loan application to final approval from 50 days to as little as 25.
While the numbers vary, the company reports seeing a 10% average reduction in the time from application to close when assets are validated through DU as well as 13% average reduction in application to close time for loans with employment and/or income validated.
