Fannie Mae diversifies Day 1 Certainty report suppliers

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Familiar names among potential Day 1 Certainty vendors | News. – As part of Fannie Mae’s Day 1 Certainty program, the agency announced it was vetting potential new vendors to provide verification services for the program. Among the potential new vendors are companies familiar to the title insurance industry. Read on for more from Fannie Mae, and which companies might be invited into the Day 1 Certainty process. 

 · FOR IMMEDIATE RELEASE Veri-Tax, LLC Announced as Authorized Report Supplier for Day 1 Certainty from Fannie Mae Combination of Fannie Mae Day 1 Certainty and Veri-Tax “customer happiness” service creates compelling value for participating lenders irvine, California -.

"Avantus is proud to have been approved by Fannie Mae as an Authorized Report Supplier for Day 1 Certainty. Being directly integrated with DU and the IRS will allow Avantus clients to process their verifications more efficiently, and close more loans with the confidence that Day 1 Certainty provides," said Louis Capobianco, President of Avantus.

It tells shareholders there is no certainty about quite how much additional capital it would need to raise. The letter to shareholders from HBOS’s chairman, Lord Stevenson, is pretty alarming, It.

Fannie Mae has created a new program called "Fannie Mae Day One Certainty", and this is another step moving us to the true digital mortgage age! They now allow (and prefer) new methods of getting the borrowers income and assets combined with new methods to approve value. How does Fannie May Day One Certainty work?

Fannie Mae Expands List of Verification Report Vendors.. a component of Fannie’s Day 1 Certainty representation-and-warranty relief program, only allows for three types of reports: employment and income verification from The Work Number, 4506-T tax transcripts from Equifax and asset reports.

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Earlier this year, Fannie Mae released their long-awaited Day 1 Certainty program. For the mortgage lender, this represented a glimmer of hope to be released from certain future reps and warranty issues, should something run afoul to a mortgage loan.. In fact, what it means for the lender was that by using the report data from an eligible verification report supplier, those validated loan.

Stearns Lending, LLC, a leading independent mortgage bank has entered into a definitive agreement to acquire an equity interest in Certainty. (prior 1+78K), weekly claims figures, June ISM Services.