Items Tagged with 'Desktop Underwriter'

ARTICLES

  • Plaid’s new asset verification program receives Day 1 Certainty approval from Fannie Mae

    Plaid Assets is now accepted provider for Fannie Mae DU
    Plaid, a technology platform that connects applications with users’ bank accounts, has been piloting an asset verification program with Fannie Mae’s Desktop Underwriter since October of last year. Now, the company is officially rolling out its asset verification program, which Fannie Mae just approved for asset verification within its Day 1 Certainty program.
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  • Fannie Mae prepares for DU update after flood of high DTI mortgages in Q4

    Adjusts credit risk assessment to limit risk layering
    Fannie Mae is currently preparing to update its Desktop Underwriter to its newest version, 10.2, after seeing an increase in high debt-to-income mortgages in 2017's fourth quarter. The company announced that after assessing the profile of loans delivered since the DU 10.1 changes went into effect, it is fine-tuning DU’s risk assessment to limit risk layering.
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  • Fannie Mae approves Day 1 Certainty for Blend’s end-to-end digital mortgage platform

    Blend becomes first end-to-end platform to be approved for asset verification
    Fannie Mae approved its first end-to-end digital mortgage platform for its Day 1 Certainty on Tuesday. Blend, a Silicon Valley technology company propelling the consumer lending industry into the digital age, announced it became the first end-to-end platform to be approved to provide asset verification reports for Fannie’s Desktop Underwriter.
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  • Fannie Mae: An update on Day 1 Certainty one year later

    What we’ve learned and where we’re going
    [Expert Commentary] Over the last year, more than 1,000 lenders signed up for one or more of Fannie Mae’s Day 1 Certainty services. Now, based on another year of listening and learning, Fannie Mae is building on the foundation laid last year with its new product offerings.
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  • Fannie Mae reveals major upgrade to its Day 1 Certainty product

    Here are the companies involved in the pilot program
    Fannie Mae revealed a major upgrade to its Day 1 Certainty program which it says will improve customer experience, create greater efficiencies and save money in the mortgage origination process. While most companies will have access to the new solution beginning in 2018, a select few are participating in Fannie’s pilot program, and will have first access to the technology.
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  • From HW Magazine

    Unlocking the door to homeownership

    Two programs strike a delicate balance between access and quality
    Almost a decade after the housing crisis, many responsible potential homeowners remain locked out of the market. But recently there have been a pair of hopeful developments that may be key to opening doors to homeownership for qualified first-time and underserved buyers. Fannie Mae and Freddie Mac have unboxed two long-anticipated initiatives designed to make credit more available to deserving potential buyers without compromising standards. Importantly, these are not politically driven affordable lending programs. 
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  • FormFree chosen to provide asset verification for Fannie Mae

    "Day 1 Certainty" program will use AccountChek to verify borrower assets
    Lost in all the hubbub about Fannie Mae’s big announcement this week that it would be offering lenders protection from buyback risk, provided the lender uses Fannie Mae’s Desktop Underwriter and Collateral Underwriter tools, was just how Fannie Mae intended to provide lenders with that protection. So how is Fannie Mae going to verify a borrower’s assets? By using AccountChek from FormFree Holdings, as it turns out.
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  • It's official: Fannie Mae moves to open credit box with trended credit data

    Desktop Underwriter 10.0 arrives
    After much anticipation, this weekend marked the official launch of Fannie Mae’s Desktop Underwriter Version 10.0, implementing the long-awaited use of trended credit. So what’s with the big hype around trended credit data? For starters, it's a game-changer for borrowers, helping them obtain greater access to mortgage credit.
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  • Monday Morning Cup of Coffee: Fannie Mae sets official date for using trended credit data

    Also: Homebuyers beware of fake HAMP offers
    After market anticipation, the launch date is finally set for the release of Fannie Mae’s Desktop Underwriter Version 10.0. Best part is this update is expected to open up the credit box to potential borrowers previously deemed unworthy. With Home Affordable Refinance Program extended into 2017, it also means that the threat of scammers pretending to offer government-sponsored modifications isn't going away. Beware.
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