In November 2016 Federal National Mortgage Association (FNMA) announced that they would allow their partner lenders to offer Day 1 Certainty (D1 Certainty) for any of their borrowers applying for a Fannie Mae loan. Federal National Mortgage Association depends on the Desktop Underwriter (DU) validation service; a new service that validates the borrower’s assets and income using qualified third-party vendors pre-approved by FNMA.
The term “doing it right the first time” carries significant weight with Mortgage Originators concerned about the cost of Loan Quality. There are two categories to determine the Cost of Loan Quality, the costs associated with producing a poor-quality loan, and the post-production costs of a poor quality loan.
With the constantly changing landscape of compliance in regulated industries and the continuous corresponding updates that ensue, adherence to a structured change management process to implement the inflow of new regulations on the production floor is imperative.
What is blockchain all about? The confusion is growing thick day by day. Before we start with blockchain technology, it is important for you to understand the comparison between the centralized ledger and decentralized ledger.
The spread and scare of COVID19 has left businesses around the globe counting costs. The abrupt unplugging from the organized workplace and switching to remote workspace has been challenging for most of the companies to keep their business operational.
“I Know we talked about this a little bit but as I was clearing out
some old e-track emails I noticed how well Menaka is doing with the e-track updated. The thoroughness of the updated made a positive impression on me, so I figured I would pass on my excitement to see such care being put into the accuracy of the project”
Your team has been doing a very great job. If you could relay my appreciation to them for the amount of errors they are detecting I would be grateful. It has done wonders for correcting our other vendors.
I have to take a moment to say… I just got off the phone with Jody and Rafeeque on the CR process. Jody had raised some concerns on the increase in AHT.
“Hello Team, I understand your team has been working diligently on the special project for Escrow started earlier this week. These volumes were far greater than what we anticipated and without the support of Nexval,
“Thank you Menaka/Chirag and for your efforts yesterday! This was a perfect storm since NLS did not notify us of the date of the update.
Manoj, I hope this email finds you well. I just wanted to send you a quick note regarding Rafeeque. Since the beginning of the year, I have been assigned to several projects within the company in different lines of business.
“I Know we talked about this a little bit but as I was clearing out some old e-track emails I noticed how well Menaka is doing with the e-track updated. The thoroughness of the updated made a positive impression on me, so I figured I would pass on my excitement to see such care being put into the accuracy of the project”