Learn more about Day 1 Certainty at MBA's Technology Conference, March 26-29 in Chicago.
Your one-stop-shop to technology releases, important milestones, training availabilities, policy changes, and much more.
Over the past few years, a new generation of companies has emerged to provide new technological solutions.
The 16.3 DMRS system release was deployed on March 5, 2017.
Fannie Mae has announced we have secured a new next-generation electronic eVault through eOriginal, Inc. Find out how this modern and efficient platform can benefit you and your business.
Your business runs on technology applications and mortgage products—and you need to know how to get the most out of them. Take a minute to visit Fannie Mae’s new Training Pages. Maximize your performance with eLearning and job aids. Then, watch how your business benefits.
Fannie Mae has issued a Selling Notice regarding future changes to the use of Mortgage Electronic Registration System® (MERS®) for properties in the state of Maine.
Includes an update to Property Value Representations and Warranties, as well as enhancements to the new CU user interface (CU Classic view will not be impacted) scheduled for the weekend of March 25, 2017.
In a new Fannie Mae Perspectives blog, Andrew Bon Salle, Executive Vice President of our Single-Family Mortgage Business, comments on the benefits of data standardization and uniformity. He describes how “alphabet soup” led to Day 1 Certainty™, giving lenders freedom from representations and warranties on key loan components plus more efficiency in loan originations.
The UCD application (version 2.0) release will be implemented May 31, featuring new UCD edit feedback messages and other enhancements.
The UCD CheckPoint provides a timeline with key milestones and implementation tips to help customers prepare for UCD adoption.
The following updates were made in February to simplify and clarify policies: borrower-signed Form 4506-T not required if all of their income is validated through the Desktop Underwriter® (DU®) validation service; updates the definitions of homeownership education and housing counseling; and standardizes the calculations for monthly qualifying rental income or loss.
For a summary of key updates in this Selling Guide Announcement, view the executive perspectives video presented by Jude Landis, Vice President, Credit Policy, and/or the executive overview provided by Carlos Perez, Chief Credit Officer for Single Family.
These documents have been updated to clarify the eligibility and process for a Property Inspection Waiver (PIW).
We have clarified that lenders no longer need to obtain a borrower-signed IRS Form 4506-T for QC purposes when all of their income is validated through the DU validation service.
The February 2017 Appraiser Quality Monitoring (AQM) list has been posted on the Appraiser Quality Monitoring page.
Fannie Mae has added new Valuation Costs line items that require the date the valuation expense occurred be included upon submission of the claim.
Describes updates to DU scheduled for the weekend of March 25, 2017, including changes to the DU validation service income calculations, as well as income and employment message updates.
Find out how you should be preparing for the Sept. 25 UCD mandate. Lenders and technology solution providers are encouraged to attend and ask questions about the UCD application, edits, testing, integration, and more.
Three new elearning courses provide detailed information to help lenders take advantage of Day 1 Certainty offerings.
Read more about our fourth quarter 2016 financial results in our news release, Form 10Q, and credit supplement.
Across the servicing lifecycle, we're working to simplify the process for our customers.
This update makes changes to simplify servicing, reduce operational cost and risk for servicers, and increase data accuracy. Updates include relieving servicers of the responsibility to pay for HOA, condo, or co-op fees for acquired properties; elimination of transaction type 80 reporting requirements; flexible use of IRS form 4506-T or 4506T-EZ for workout options; and changes to maintaining seller/servicer eligibility.
Bringing you greater loan level package edit capabilities on March 24, plus new edits coming as of April 3.
Several technology applications were updated to support Fannie Mae Changes to Investor Reporting as of Feb. 14, eliminating the need for reporting MBS security balances to Fannie Mae, among other updates.
Introducing several new and modified edits will be implemented pertaining to credit eligibility and Day 1 Certainty.
QC and Underwriting Boot Camp is back for a fifth year! This year's Boot Camp includes a new project standards track along with our popular QC and underwriting sessions. Check out the fact sheet for dates, locations, and additional details.
The following updates were made in January: clarifications and updates to several appraisal policies; updates to confidentiality of information and data breach guidelines; changes to seller/servicer financial eligibility requirements; removal of duplicative content in the Selling Guide and Servicing Guide; and other miscellaneous updates.
Describes changes to the income, employment, and asset messages returned by the DU validation service scheduled for the weekend of Feb. 25, 2017.
The GSEs have updated the UCD Delivery Specification, Use Cases, and XML files in an effort to provide clear and accurate requirements for preparing the UCD file for delivery.