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Fannie Mae giving lenders rep and warranty relief via DU Validation (MortgageOrb)

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.

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