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Will lenders embrace Fannie's rep and warrant relief? (National Mortgage News)

Fannie Mae’s new representation and warranty relief offers lenders a long-awaited incentive to use its automated loan validation technology. But is it enough for lenders to make the necessary technology updates and process changes to implement the tools?

Fannie Mae is betting big on the effort, dubbed “Day 1 Certainty.” … Fannie validates the appraisal data using its Collateral Underwriter technology, while Equifax performs the income and employment data and FormFree validates borrower assets.

Read the full article at National Mortgage News.

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