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Day One

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djd09

Elite Member
Joined
May 20, 2009
Professional Status
Licensed Appraiser
State
Ohio
"I will start with the ways we are delivering more value to lenders, investors and servicers. In 2016, the most tangible and visible expression of this value was our Day 1 Certainty initiative. Day 1 Certainty is a suite of innovations that represent a step forward in the digitization of the mortgage process. It offers data validation services and improved collateral underwriting services that achieved two major improvements to the mortgage process. These tools improve the speed and efficiency of the process helping lenders serve borrowers with more speed and ease.

They also provide lenders greater certainty that when they sell loan to Fannie Mae it will stay sold. This is vitally important to lenders to allow them to reduce the risk that Fannie Mae will require them to repurchase loans down the line and help them confidently lend to more borrowers. We believe that Day 1 Certainty is a major step in creating a fully digitized mortgage process. We continue to look for ways to improve and upon Day 1 Certainty, including expanding our sources of data validation. Our ambitious innovation agenda includes working with lenders, technology companies and others to find new ways to make the mortgage process easier, faster, more accurate and ultimately, safer."

http://seekingalpha.com/amp/article...ulos-q4-2016-results-earnings-call-transcript

No conspiracy here.
 
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