Fannie Mae, a US government agency that funds mortgages for lenders, rolled out 1 Day Certainty, a digital platform designed to make the mortgage process more streamlined for both lenders and consumers, last year.
This week, it announced three new features on the platform, including Single Source Validation, which will allow mortgage lenders to underwrite applicants more quickly and accurately. Single Source Validation is currently being piloted, with a full launch scheduled for 2018… The solution is using digital [sic] verification fintech FormFree’s AccountChek software, which allows applicants to send their financial data and documents required for authentication online directly to lenders instead of submitting physical documentation.
Read the full article in Business Insider.
