Origence Approved for Fannie Mae's Day 1 Certainty Program

Nov 19, 2019

Origence has announced that the Origence mortgage lending platform has been approved by Fannie Mae's Day 1 Certainty® program. By automating the verification of a borrower's identity, employment, income and assets, the Origence platform will enable lenders to achieve Day 1 Certainty® from Fannie Mae, while accelerating the borrower's experience and closing loans faster.

Fannie Mae's Day 1 Certainty® initiative is designed to provide lenders with enhanced loan origination controls, improved processes and certainty around the borrower's assets, income and employment information, in addition to relief from representations and warranties on validated loan components.

The Origence platform is an end-to-end system that combines point-of-sale (POS) and loan origination system (LOS) tools that accelerate a lender's loan production and reduce process cycle time, while significantly reducing costs. The Origence platform was officially launched in October.

"The ability to achieve Day 1 Certainty® is a crucial advantage for lenders who must meet new consumer expectations for a faster, simpler mortgage experience," said Roger Hull, president and chief product officer for Origence. "Our Day 1 certification ensures our clients will be able to deliver faster responses to borrowers, while eliminating an enormous amount of manual effort behind the scenes. At the same time, they get a state-of-the-art platform that maximizes automation, so they can close loans faster and at a lower cost."

About the author

NationalMortgageProfessional.com

Link copied

Published

Nov 19, 2019

Courts

NEXA Sues Former Co-Founder Mat Grella

The new suit comes shortly after Grella filed suit against co-founder and CEO, Mike Kortas.

NEXA Mortgage isn't letting former co-founder and president, Mat Grella, off easy. The Arizona-based mortgage broker filed a complaint against Mat Grella and his wife, Sheridan Murray-Grella, on April 29. The news comes just a month after NEXA co-founder and CEO Mike Kort...

Industry News

Ishbia Predicts A Rate Cut By Election Day

CEO of United Wholesale Mortgage shares 'personal perspective' in new YouTube video

With mortgage rate cuts seemingly a distant mirage following the Federal Reserve’s meeting this week, the President and CEO of United Wholesale Mortgage (UWM) is optimistic that a cut this year could be very real. On UWM’s YouTube channel, Mat Ishbia can be seen in a new ...