Freddie Mac – Fraud Alert – Phantom Employers

Written by: Lloyd Rutherford, Staff Writer When the bad apples commit fraud, it causes the rest of us to suffer with more rules, additional scrutiny, and borrowers who tell us we ask for too much information. Read this article about the latest fraud issue uncovered by Freddie Mac. Rule Synopsis: Freddie Mac issues their second [...]

2019-08-09T13:32:22-05:00August 12th, 2019|

Fannie Mae – FAQ’s: DU Validation Service FAQs – Updated April 16, 2019; DU Validation Service Messages – Updated April 9, 2019 and Introducing the DU Validation Resource Center

Written By: Lloyd Rutherford, Staff Writer Technology at the agencies is advancing quickly, and if you’re going to compete you must keep up with it as well.  This article provides new resources from Fannie Mae to take your services to the next level. Rule Synopsis: Fannie Mae created a new resource page/center for all things [...]

2019-05-10T07:17:48-05:00May 10th, 2019|

Fannie Mae & Freddie Mac – Uniform Residential Loan Application (URLA) / Uniform Loan Application Dataset (ULAD) FAQs – Updated February 26, 2019

Written By: Lloyd Rutherford, Staff Writer It’s just around the corner!  Soon we’ll all be using the new loan application.  Read through this update for additional FAQs published by Fannie Mae and Freddie Mac. Rule Synopsis: Fannie Mae and Freddie Mac published an updated FAQ document for the new “Uniform Residential Loan Application” that is [...]

2019-03-10T14:16:48-05:00March 10th, 2019|

Fannie Mae – Desktop Underwriter (DU) Validation Service Message Rewrite FAQs – Dated November 29, 2018 – Effective March 23, 2019

Written By: Lloyd Rutherford, Staff Writer Day 1 Certainty usage is growing fast.  If you work with Day 1 or DU, this article will prepare you for upcoming changes to the DU Validation Messages. Rule Synopsis: Fannie Mae released an FAQ document to address the changes that will be coming to the messages associated with [...]

2019-02-10T17:33:24-05:00February 10th, 2019|

Fannie Mae- FAQ’s: DU Validation Service FAQs – Updated October 24, 2018

Written By: Lloyd Rutherford, Staff Writer As more and more FinTech companies evolve, Fannie Mae is reminding all lenders about their privacy duties as it relates to borrower data.  Read these updated FAQ questions for DU Validation Service. Rule Synopsis: The DU Validation FAQ document has been updated: DU Validation Service FAQs Seventeen pages with [...]

2018-11-09T08:36:13-05:00November 9th, 2018|