DUS®. The multifamily model for the future.
Our Delegated Underwriting and Servicing (DUS) model – the premier financing platform in the multifamily market – is built on three pillars: risk-sharing, delegation, and life-of-loan servicing.Watch Video
Real estate is a people business, it’s a relationship business, and finding the right partners is crucial.—Eric Sussman, Founding Partner, Clear Capital, LLC Contact your DUS lender today
Fast. Flexible. Certain.
Fannie Mae is dedicated to supporting a strong U.S. multifamily market
Market leader 30+ years
Guarantees 20% of multifamily market
Provided $590 B in liquidity1
Financed 9.9 M units1
1 As of Q2 2019
The Delegated Underwriting and Servicing platform
lender partners are authorized to underwrite, close, and deliver loans on our behalf
In exchange, Lenders and Fannie Mae share the risk on those loans
Borrowers, Lenders, and Fannie Mae share the reward
It’s built on three pillars
Incentivizes lenders to prioritize credit quality
Gives borrower certainty of execution, faster decisions, quicker closings, better pricing
Expedites lenders’ response to customers
Allows us to scale our business as industry conditions change
Eliminates other master or special servicer
Oﬀers seamless post-close activities
DUS aligns interests of all the players
- Wants aﬀordable capital
- Provides at least 20% equity
- Has extensive multifamily underwriting and servicing experience
- Wants to finance creditworthy properties that will deliver good returns
- Shares 1/3 of credit risk2
- Provides capital to help lenders finance deals
- Guarantees loan
- Shares 2/3 of credit risk2
- Securitizes loans and sells MBS
- Wants to buy a high-quality, transparent security
- Provides liquidity
2 Based on most common risk-sharing structure
That’s why we call DUS The Loan We All Own®
It’s the premier financing platform in the multifamily market
Manufactured Housing Communities
DUS. The Loan We All Own™.
Only the Fannie Mae DUS model provides liquidity in every market.
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