Starting immediately, lenders that use Fannie Mae’s Desktop Underwriter (DU) automated underwriting tool will get rep and warranty relief on automated income verification.
In a related development, FormFree Holdings Corp., a provider of automated verification software, announced that it is the first “designated vendor” for asset verification through the Fannie Mae DU Validation Service, a component of the Day 1 Certainty initiative.
Read the full story at MortgageOrb.
