Title: How Fannie Mae’s Day1 Certainty Helps in Mortgage Loan Process Services
1Make Well-Informed Lending Decisions with Fannie
Maes Day 1 Certainty
CHRONOS SOLUTIONS
- Integrating automation Fannie Maes Day 1
Certainty is a positive pre-verification step in
the lending process. It is beneficial because the
verification process involved takes less time and
is handled electronically. Borrowers and lenders
get to experience a faster and simpler lending
process from the use of electronic data.
2To reduce the risk in the mortgage lending
process, the Day 1 certainty program is a unique
technology intensive initiative that offers a
higher level of efficiency. Lenders get the
understate benefits
3- Easier availability of necessary information
required in the loan disbursement process - The loaning process is streamlined
- You get access to confirmed details on assets and
income - An excellent process eliminating redundant
checks and duplicate documentation n the loan
origination process - For eligible mortgages, you do not have to
produce warranties and certain representations - You can close on a loan faster with due
confidence.
4Fannie Maes Day 1 Certainty, benefits the
mortgage industry through the amalgamation of
e-signature capabilities, integrated electronic
document submission, online checklists.
Borrowers can make optimum use of these services
and get their data electronically verified early
in the process.
5Secure, seamless, and on time validation of
information are the immediate benefits that
lenders can capitalize on while working with the
authorized Verification Report Suppliers from
Fannie Mae. Moreover, through the Data
Validation Services lenders can receive a report
of variances, detailed information about the
nature of the variances, and recommended action
for resolution. Hence, prompt resolutions of the
issues are feasible.
6 Day 1 Certainty
- Secure, seamless, and on time validation of
information are the immediate benefits that
lenders can capitalize on while working with the
authorized Verification Report Suppliers from
Fannie Mae. Moreover, through the Data
Validation Services lenders can receive a report
of variances, detailed information about the
nature of the variances, and recommended action
for resolution. Hence, prompt resolutions of the
issues are feasible.
7To sum up, Fannie Maes Day 1 Certainty provides
you comprehensive access to lending supports
better and faster processes and complements risk
mitigation.
8Chronos Solutions
- 1199 S. Belt Line Rd. Suite 105Coppell, TX 75019
- Call - 888-632-4482
- Email info_at_chronossolutions.com