Fannie announces expanded list of Day 1 verification providers (National Mortgage News)

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Fannie Mae has expanded the list of third-party vendors approved to validate borrower income, employment and assets as part of the Desktop Underwriter validation service.

Currently, the DU validation service, a component of Fannie’s Day 1 Certainty representation-and-warranty relief program, only allows for three types of reports: employment and income verification from The Work Number, 4506-T tax transcripts from Equifax and asset reports from FormFree. To qualify, vendors must provide these reports.

Read the full article in National Mortgage News.