6 STAGES TO FNMA DAY ONE CERTAINTY

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.