During the Mortgage Bankers Association’s Annual Conference and Expo, mortgage giant Fannie Mae revealed a major upgrade to its Day 1 Certainty product.
The new solution will help simplify the mortgage process for lenders and servicers, Fannie Mae explained, saying it will make the housing finance system stronger and safer while meeting customers’ needs by increasing certainty and lowering costs.
Due to popular demand, we reached out to Fannie Mae for more details on the new program. Most notable, the GSE revealed it intends to continue expanding its pilot program before making it available to all of its customers in 2018.
“We identified lenders that met our pilot criteria and were willing to participate and we will continue to add more lenders as we scale the program,” Fannie Mae told HousingWire.
Although this list will continue to grow, as of October 31, here are the companies Fannie Mae told HousingWire are participating in the pilot program:
- Lenders: United Wholesale Mortgage and Quicken Loans
- Vendors: FormFree and Finicity