CoreLogic integrates with Fannie Mae’s DU for Day 1 Certainty

Average mortgage rates hold steady amid global trade disputes Good morning. Jeff Sparshott here to take you through key developments in the global economy. Send us your questions, comments and suggestions by replying to this email. U.S.-China: It’s Getting Hot.

CoreLogic integrates fraud and income verification solutions with LendingQB. KEYWORDS CoreLogic Integration LendingQB.. The service is also approved for use in Fannie Mae’s day 1 certainty.

Homebuilder sentiment rises to seven-month high in May Prepayments pour in ahead of spring buying season, delinquencies drop While things may get pretty quiet through the holidays and the first quarter, I expect to see the industry pick up strong by the beginning of the spring home buying season. Forecasts don’t always call for clear skies, but sometimes a cloud is just a cloud.Mortgage growth in Canada hasn’t been this weak since 2001 OTTAWA — The country’s road to higher interest rates is "highly uncertain" as the Bank of Canada monitors evolving unknowns related to indebted Canadians, stricter mortgage. but it hasn’t.Ellie Mae’s new Encompass release emphasizes HMDA, digital mortgages Guarantee fees drop for mortgages in several riskier categories: FHFA Delay of implementation of changes to post-settlement delivery fees and guarantee fees. As announced in a Federal housing finance agency (fhfa) press release and in our Single-Family Update e-mail on January 8, 2014, FHFA directed Freddie Mac to delay implementation of the following changes announced in Bulletin 2013-26:Releases Drive Quality, Compliance and Efficiency for Encompass and Encompass TPO Connect. PLEASANTON, Calif. – April 16, 2018 – Ellie Mae (NYSE:ELLI), the leading cloud-based platform provider for the mortgage finance industry, announced today that it has launched a new major release of its Encompass digital mortgage solution.Sentiment among U.S. homebuilders rose for the first time in three months amid a decline in borrowing costs, a sign that housing may stabilize in the year ahead even as the industry remains in a.

CoreLogic Service Integrates With Fannie Mae – theMReport.com – CoreLogic announced that its 4506-T income verification product has fully integrated with Fannie Mae’s Desktop Underwriter platform (UD) to provide day 1 certainty service. In November 2016.

Be completely confident in lending decisions. Day 1 Certainty from Fannie Mae integrates an automated pre-verification step in the lending process. Because verification is handled electronically, it takes very little time and provides dramatic benefits.

Fannie Mae revealed a major upgrade to its Day 1 Certainty program which it says will improve customer experience, create greater efficiencies and save money in the mortgage origination process.

Day 1 Certainty Recap Fannie Mae Day 1 Certainty Order reports, review and addresses any discrepancies with the borrower Enter information into DU and submit DU obtains a duplicate copy of the report from the vendor using loan number or reference number DU performs its own income and asset calculations

 · August 30, 2017. COSTA MESA, CALIF – Day 1 Certainty, from Fannie Mae, is now available to all LendingQB customers thanks to a new SmartAPI developed by MeridianLink.The SmartAPI is an integration hub that connects LendingQB to more than 20 vendors nationwide who provide verification reports to the Desktop Underwriter ® (DU ®) validation service, a component of Day 1 Certainty.

CoreLogic integration with DU delivers verification data that meets Fannie Mae’s underwriting requirements. This, in turn, provides more certainty in income calculation and asset verification while lowering the risk of potential borrower fraud through altered bank statements, the company said.

Chicago developer sentenced for loan fraud MGIC beats expectations, but new insurance written underwhelms microchip (mchp) beats. mgic investment (MTG) Q4 Earnings Beat, Expenses Decline MGIC Investment’s fourth-quarter 2016 earnings beat our expectations and also improved year over year, primarily on.CHICAGO-Following an announcement today by Attorney General Eric Holder in Washington, D.C., Patrick J. Fitzgerald, United States Attorney for the Northern District of Illinois, announced the local results of the nationwide initiative, Operation Stolen Dreams, which targeted alleged perpetrators of mortgage fraud in the Chicago area and throughout the country and is the largest collective.

Day 1 Certainty Recap Fannie Mae Day 1 Certainty Order reports, review and addresses any discrepancies with the borrower Enter information into DU and submit DU obtains a duplicate copy of the report from the vendor using loan number or reference number DU performs its own income and asset calculations

BUT with access to new technology and software your underwriting team can access in 2017, you will now be able to focus their efforts on the loans that need attention (IE loans that do not pass Fannie Mae Day 1 Waivers). Over the next few blogs I will break down what each component of Day 1 is to help you better understand.