CoreLogic integrates with Fannie Mae’s DU for Day 1 Certainty

The Desktop Underwriter (DU) validation service uses third-party data vendors to independently validate borrower income, employment, and asset data, providing our lenders day 1 certainty on validated loan components. Fannie Mae has an open platform for data vendor participation to provide choices to our customers.

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BUT with access to new technology and software your underwriting team can access in 2017, you will now be able to focus their efforts on the loans that need attention (IE loans that do not pass fannie mae day 1 Waivers). Over the next few blogs I will break down what each component of Day 1 is to help you better understand.

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CoreLogic announced that its 4506-T income verification product has fully integrated with Fannie Mae’s Desktop Underwriter platform (UD) to provide Day 1 Certainty service. Now, CoreLogic’s.

Day 1 Certainty Recap Fannie Mae Day 1 Certainty Order reports, review and addresses any discrepancies with the borrower Enter information into DU and submit DU obtains a duplicate copy of the report from the vendor using loan number or reference number DU performs its own income and asset calculations

CoreLogic integration with DU delivers verification data that meets Fannie Mae’s underwriting requirements. This, in turn, provides more certainty in income calculation and asset verification while lowering the risk of potential borrower fraud through altered bank statements, the company said.

CoreLogic integration with DU delivers verification data that meets Fannie Mae’s underwriting requirements. This, in turn, provides more certainty in income calculation and asset verification while lowering the risk of potential borrower fraud through altered bank statements.

Looser ARM standards led to more credit being available in August Loan standards getting looser as money flows. to relax their lending standards, she said. "Lending is being loosened by real estate debt funds, which are putting pressure on traditional lenders.New Residential closes purchase of PHH’s Fannie MSRs New Century's Systematic Disregard of Underwriting Standards.. Trust 2007-A2 , J.P. Morgan Mortgage Acquisition Trust 2006-WMC3, Reductions in net worth can also make loans for home mortgages.. underwritten in accordance with Fannie Mae and Freddie Mac.. PHH Mortgage Corporation.

Be completely confident in lending decisions. day 1 certainty from Fannie Mae integrates an automated pre-verification step in the lending process. Because verification is handled electronically, it takes very little time and provides dramatic benefits.

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CoreLogic Integrates with Fannie Mae to Provide Day 1 Certainty Service. For more information on how to participate in DU verification service and Day 1 Certainty, visit the CoreLogic DU.

PDF Fannie Mae's Day 1 Certainty Wholesale – eprmg.net – Day 1 Certainty Recap Fannie Mae Day 1 Certainty Order reports, review and addresses any discrepancies with the borrower Enter information into DU and submit DU obtains a duplicate copy of the report from the vendor using loan number or reference number DU performs its own income and asset calculations

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