Items Tagged with 'Day 1 Certainty'


  • 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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  • Fitch: New tools from Fannie Mae, Freddie Mac will make mortgages safer

    Changes to appraisals, verification of borrowers’ finances strengthen underwriting
    Mortgage underwriting is getting stronger and safer for both borrowers and lenders thanks to new tools introduced in recent years by Fannie Mae and Freddie Mac, Fitch Ratings said in a new report. According to Fitch, new approaches to appraisal valuation and income verification are “improving these government-sponsored enterprises’ ability to assess credit risk, while reducing costs for sellers and borrowers.”
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  • Monday Morning Cup of Coffee: Impact of GOP healthcare bill on finance market

    Lawsuits continue to pile up at Wells Fargo
    Billionaire Warren Buffet explained what GOP’s healthcare bill could mean for business owners, saying it could have an even greater impact on the economy than Trump’s proposed corporate tax cut. Also, D.C. is forfeiting millions of dollars for affordable housing because it can’t meet its deadlines, so there’s that. And speaking of losing millions of dollars, here’s the latest in the Wells Fargo fake accounts scandal.
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  • Here's how Fannie Mae is transforming itself for customers

    Andrew Bon Salle explains the company's evolution
    Fannie Mae looks to improve the user experience for its own customers with its Lender Journeys initiative. It increased the number of its agile teams from 90 to 145 and brought in design thinkers to make the process as intuitive as possible. The company also brought lenders into the development lifecycle so that it gets feedback in every part of the process.
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  • From HW Magazine

    Lending Leaders: Fannie Mae mitigates lender pain points with Day 1 Certainty

    Program provides freedom from reps and warranties on key parts of the mortgage process

    “The great thing about Day 1 Certainty is that it mitigates some long-time lender pain points,” said Andrew Bon Salle, executive vice president of single-family business at Fannie Mae. “We’re enabling a more accurate, simpler digital process. Lenders and borrowers benefit by moving away from the manual processes prevalent in the industry today.”

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  • From HW Magazine

    How "alphabet soup" led to Day 1 Certainty

    Fannie Mae combines big data with appraisal data standardization
    Combine standardization with so-called “big data” and that’s the power behind the DU validation service – another Day 1 Certainty offering. Data power enables a more accurate, simpler digital process. With electronic validation of income, assets, and employment, lenders and borrowers benefit by moving away from the manual processes prevalent in the industry today. 
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  • From HW Magazine

    Tech Innovators: Fannie Mae program empowers lending confidence

    Day 1 Certainty taps tech solutions to transform mortgages
    Fannie Mae introduced Day 1 Certainty with FormFree’s AccountChek as the first designated vendor to manage asset verification through DU. Equifax was selected as a designated vendor to provide employment and income verification (through its The Work Number service) and IRS tax transcript fulfillment. The use of electronic validation eliminates the need for borrowers (and lenders) to gather paper documents such as paystubs, W-2s, or bank statements.
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