Tag: Red Flags

Fannie Mae – DU Validation Service Release Notes – Effective October 17, 2020 & Best Practices for Income and Employment Verifications Job Aid

Written by: Lloyd Rutherford, Staff Writer With this guideline update Fannie Mae is making a big announcement that will affect your processing flow and rep/warranty status on your files. This is a must read for anyone in retail or wholesale origination. Rule Synopsis: Fannie Mae discontinues employment and income validation using manual reports. Fannie Mae […]

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Fannie Mae – Employment Misrepresentation Update – Dated January 24, 2020 – NEW MTP™ Fake Employers & What to Watch Out For!

Written by: Lloyd Rutherford, Staff Writer The list of “Fake Employers” continues to grow.  Read through this article to learn about how this is impacting your business and how to detect a potentially fraudulent employer. Rule Synopsis: Fannie Mae has published a list of potentially fictitious employers being used by applicants to misrepresent their actual […]

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