Fannie Mae made a splash at the Mortgage Bankers Association annual convention by announcing its Day 1 Certainty program.
The program will free lenders from representations and warranties on certain services when using Desktop Underwriter and Collateral Underwriter, in concert with products offered by Equifax and FormFree.
The three partners discussed details of their offerings, what the program does – and doesn’t – protect against, and what it means for lenders going forward. Read on for the real details on Day 1 Certainty.