Tag: Verifications

Freddie Mac Selling Guide Updates – Bulletin 2021-12 – Dated April 7, 2021

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Written by: Lloyd Rutherford, Staff Writer In this update, Freddie Mac releases important updates to Affordable Lending, Income and Assets and the 10-Day Pre-Closing Verification requirements. Rule Synopsis: Freddie Mac is updating their selling guide for a variety of topics. This article will focus on the topics that benefit originators. The updates announced in this […]

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Freddie Mac Selling Guide Updates – Bulletin 2021-4 – Dated February 3, 2021

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Written by: Lloyd Rutherford, Staff Writer Mortgage Currentcy Chart – What is Considered a Large Deposits – All Agencies – Updated The selling guide updates contain a lot of little details that require your review to keep you up to date on rule changes. Rule Synopsis: Freddie Mac is updating their selling guide for a […]

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

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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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Freddie Mac Bulletin 2018-23 – News Center Reminder – Asset and Income Modeler – Dated December 11, 2018

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Written By: Lloyd Rutherford, Staff Writer Agency technology is getting more and more sophisticated.  Take a look at what Freddie Mac has just released that will help you compete with lenders like Quicken. Rule Synopsis: Last month (December 2018), in Freddie Mac Bulletin 2018-23, Freddie Mac introduced a new automated income and asset verification process […]

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