HomeReady API
Would empowering your team to offer more unique lending products like HomeReady to low-income, credit-worthy potential borrowers be a "game-changer" for your business? Imagine your HomeReady-eligibile borrowers having the opportunity to weigh all their choices from the begining - with your company being the stand-out option.
And what if you could identify these potential borrowers sooner through automation, allowing those conversations to be had as early as the point-of-sale?
Our AMI Lookup and HomeReady Evaluation API can help you more easily identify potential HomeReady-eligible opportunities.
Key benefits for you and your borrowers
Consider how some of these key benefits of our HomeReady API could impact conversations with your potential borrowers:
Improve borrower experience
- Create a better customer experience by ensuring borrowers are presented with the most cost-effective and competitive mortgage products available to them.
- Eliminate delays in processing by identifying HomeReady-eligible loans early in the process, reducing the need to re-submit casefiles to Desktop Underwriter®.
Realize potential cost savings
- Ability to waive loan-level price adjustments (LLPAs).
- Deliver cost savings in the form of lower interest rates to your potential borrower.
Enhance your business offerings
- Ability to offer the right products sooner in the decision-making process.
- Fewer overlooked opportunities to place borrowers in loans that are right for them.
Reduce manual workloads
- Automated identification saves time and effort in gathering and reconciling data.
- Minimize the process of reworking and resubmitting case files if not identified earlier in the process.
- Reduction of data errors and misidentification through clear data extraction.
Integrate with ease
- Leverage our Quick Start Guide with your in-house tech staff or technology service provider to begin adoption and/or integration into your process.
- Support through the whole implementation process, including testing by the Fannie Mae Technology Integration Team.
Scenario: Maria and Alex Buy Their First Home
Take a look at the practical impact integrating the AMI Lookup and HomeReady Evaluation API could make on your daily processes and client interactions through a possible scenario.
Start maximizing your affordable lending opportunities today
Contact your Sales Engineer or Customer Delivery Team representative to get started.
See the Quick Start Guide for details.
