Skip to main content

NAMB supports home loan guarantee reforms

Apr 09, 2008

Cogent Road debuts new underwriting productMortgagePress.comFunding Suite credit management software, Underwriting Conditions Scan, Fannie Mae, Freddie Mac Cogent Road announced that its Funding Suite credit management software now includes a free Underwriting Conditions (UC) Scan that automatically detects underwriting conditions and translates those into easily interpreted language. The new economic stimulus plan that raises Fannie Mae and Freddie Mac loan limits from $417,000 to as high as $730,000 may result in many brokers dealing a higher percentage of loans through these automated underwriting systems in 2008. For many originators, this may be their first experience with the various underwriting conditions presented by Fannie Mae's Desktop Underwriter (DU) or Freddie Mac's Loan Prospector. Funding Suite's UC Scan, which is currently compatible with Fannie Mae's DU, not only educates the broker as to what conditions exist and what they are, it also helps resolve them more effectively and get the loan moved through the Fannie Mae system more efficiently. Cogent Road, based in San Diego, Calif., is a provider of Internet-based applications for the mortgage industry. For more information, call (800) 848-2514 or visit www.cogentroad.com.
About the author
Published
Apr 09, 2008
Broker Action Coalition Unveils Inaugural Board Of Directors

Newly formed nonprofit organization BAC announces industry professionals to guide its mission of legislative change and educational initiatives in the mortgage industry.

Feb 21, 2024
GSEs Report Strong Earnings

Robust performance marks growth for both Fannie Mae and Freddie Mac, despite a dip in home purchases.

Feb 15, 2024
Friendly Competition Joins Forces

The merger aims to enhance local fulfillment and sales support, marking Guild’s sixth acquisition since 2021 and expanding its licensed originators to over 2,100 amidst a challenging market.

Feb 14, 2024
Guild Mortgage Announces Acquisition Of Competitor Academy Mortgage, Bolsters National Presence

The strategic move will see Guild Mortgage enhance its market share and become the 8th largest non-bank retail lender in the U.S., welcoming over 600 loan officers from Academy.

Feb 13, 2024
Proprietary Capital-Led Group Acquires Multichannel Lender AFR

Colorado-based fund manager Proprietary Capital finalizes acquisition of American Financial Resources.

Feb 13, 2024
Are Trigger Leads Harmful? Prove it

Trade associations claim trigger leads are dangerous to consumers.

Feb 08, 2024