Items Tagged with 'Fannie Mae'

ARTICLES

  • Veri-Tax announces Fannie Mae D1C integration

    Verification of Employment/Income integrated into Fannie Mae’s Day 1 Certainty
    National verification specialist Veri-Tax announced this week the addition of Veri-Tax Verification of Employment/Income as an eligible report for Fannie Mae’s Desktop Underwriter validation service. Lenders enrolled in Fannie Mae’s DU service now with access to Veri-Tax’s Verification of Employment/Income with Day 1 Certainty, the company said.
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  • 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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  • Trend spotting: Appraisers take issue with Fannie Mae's Collateral Underwriter

    Still several mortgage lender benefits to using this tool
    [Op-ed] Is it fair to have 10 different appraiser's reports on a property and then for the lender to use that knowledge against an individual appraiser and question their ability to provide an accurate report? Appraisers seem to think it is unfair or perhaps altogether irrelevant. As an underwriter, here's one trend I'm seeing.
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  • Veros, IDS announce integrated solution for GSE UCD data submissions

    Two companies partner for a fully integrated, automated delivery solution
    Enterprise risk management, collateral valuation, and predictive analytics services company Veros Real Estate Solutions and mortgage document preparation vendor International Document Services announced Monday that they have partnered to provide lenders with a fully integrated automated delivery solution for submitting the Uniform Closing Dataset, or UCD, to Freddie Mac and Fannie Mae.
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  • Closing condos under litigation: Fannie Mae now gives lenders a way out

    Loan Officers: Lend with confidence!
    Fannie Mae finally updated their litigation requirements on condominium projects! The guidelines now allow the lender more flexibility to determine, with confidence, whether litigation is minor or major, what is considered minor, and provide a way for lenders to warrant the project despite the litigation. Here's how.
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  • Fannie Mae now allowing lenders to contribute to borrower closing costs

    Funds must be a gift and cannot be used toward down payment
    While it’s not quite the same as the down payment assistance that the government-sponsored enterprises used to allow, lenders now have a new way to help borrowers buy a home – closing cost assistance. Fannie Mae announced this week that it will now allow lenders to contribute to borrowers’ closing costs, as long as the money is a gift and is not used towards a borrower’s down payment. Click the headline to read more.
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  • From HW Magazine

    2018 HW Tech100 Winner: Fannie Mae

    Underwriter service leverages digital data from vetted third-party vendors
    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.
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