Sujay's Testing Page

D11 Test. 

Sample test page ...

This is a test for syncing to preview. 

sheet of paper

New: Fannie Mae HomeViewTM is available in Spanish.

Now you can help clear the path to homeownership for more first-time borrowers.

Explore HomeView

New: Credit basics course is available in Spanish

Share our "Strategies for Healthy Credit" course with your Spanish-speaking borrowers free of charge, and help them learn steps to building and managing their credit.

Stepper Block

Step 1

Test...

Test 2...

Step 2

Test...

Test...

Test...

Test 2...

Test...

Test...

Reperforming loans are loans that have been or are currently delinquent but have reperformed for a period of time. The terms of Fannie Mae's reperforming loan sale require the buyer to offer loss mitigation options to any borrower who may re-default within five years following the closing of the reperforming loan sale. All purchasers are required to honor any approved or in-process loss mitigation efforts at the time of sale, including loan modifications. In addition, purchasers must offer delinquent borrowers a waterfall of loss mitigation options, including loan modifications, which may include principal forgiveness, prior to initiating foreclosure on any loan.

Reperforming loans are loans that have been or are currently delinquent but have reperformed for a period of time. The terms of Fannie Mae's reperforming loan sale require the buyer to offer loss mitigation options to any borrower who may re-default within five years following the closing of the reperforming loan sale. All purchasers are required to honor any approved or in-process loss mitigation efforts at the time of sale, including loan modifications. In addition, purchasers must offer delinquent borrowers a waterfall of loss mitigation options, including loan modifications, which may include principal forgiveness, prior to initiating foreclosure on any loan.

Reperforming loans are loans that have been or are currently delinquent but have reperformed for a period of time. The terms of Fannie Mae's reperforming loan sale require the buyer to offer loss mitigation options to any borrower who may re-default within five years following the closing of the reperforming loan sale. All purchasers are required to honor any approved or in-process loss mitigation efforts at the time of sale, including loan modifications. In addition, purchasers must offer delinquent borrowers a waterfall of loss mitigation options, including loan modifications, which may include principal forgiveness, prior to initiating foreclosure on any loan.

Reperforming loans are loans that have been or are currently delinquent but have reperformed for a period of time. The terms of Fannie Mae's reperforming loan sale require the buyer to offer loss mitigation options to any borrower who may re-default within five years following the closing of the reperforming loan sale. All purchasers are required to honor any approved or in-process loss mitigation efforts at the time of sale, including loan modifications. In addition, purchasers must offer delinquent borrowers a waterfall of loss mitigation options, including loan modifications, which may include principal forgiveness, prior to initiating foreclosure on any loan.

 

Initiative Updates

December 23, 2024

Title Insurance Primer

September 26, 2024

Reconsideration of Value

July 27, 2024

Closing Cost Appraisal Assistance

APRIL 6, 2023

Attorney Opinion Letter 

View All of Our Initiatives

Stepper tabs example

How to Activate

1

Step 1 - Select your third-party data vendor(s)

  • Review the list of Fannie Mae authorized report providers and eligible verification reports. You may participate in the DU validation service through relationships with vendors of your choice that can provide Day 1 Certainty.
  • Consider contracting with multiple vendors to meet your needs for asset, income, and employment validation.
  • You should also consider any technology changes you may need to make to integrate the DU validation service with your loan origination system.
  • Check if the vendor(s) offer white-labeling capabilities for asset validation and/or eConsent.

View the list of Fannie Mae authorized report providers

2

Step 2 - Complete vendor contract and activation process

  • Negotiate fees, and ensure appropriate SLA(s) are part of contract(s).
  • If you will be providing a vendor's report reference number in the DU submission, you can start using as soon as your contract with the vendor is complete.
  • To automatically obtain reports using the Lender Loan Number from Equifax - The Work number or distributors of its reports, complete the Equifax setup form.
  • Lenders are required to opt in here to use 12-months of data on an asset verification report for income and employment validation. Complete the single source activation form.

3

Step 3 - Start using the DU validation service

Once you have contracted with verification report vendor(s), you can begin using the DU validation service.

DU Infographic

Step 1 - Select your third-party data vendor(s)

  • Review the list of Fannie Mae authorized report providers and eligible verification reports. You may participate in the DU validation service through relationships with vendors of your choice that can provide Day 1 Certainty.
  • Consider contracting with multiple vendors to meet your needs for asset, income, and employment validation.
  • You should also consider any technology changes you may need to make to integrate the DU validation service with your loan origination system.
  • Check if the vendor(s) offer white-labeling capabilities for asset validation and/or eConsent.

View the list of Fannie Mae authorized report providers

Step 2 - Complete vendor contract and activation process

  • Negotiate fees, and ensure appropriate SLA(s) are part of contract(s).
  • If you will be providing a vendor's report ID in the DU submission, you can start using as soon as your contract with the vendor is complete.
  • To automatically obtain reports using the Lender Loan Number from Equifax - The Work number or distributors of its reports, complete the Equifax setup form.

Step 3 - Start using the DU validation service

Once you have contracted with verification report vendor(s), you can begin using the DU validation service.

DU Infographic

See what DU can do

Explore how you can maximize your business with the industry-leading underwriting solution.

Learn more


 


 


 

Basic block - Intro text

Sample test ...

This is a test

askfalfsdf;sdlkf;sdlf s;dlgk;malkgl;a.