Skip to main content

Credit Plus Integrates 4506-T Reports With Fannie Mae’s Day 1 Certainty

Oct 20, 2017
Credit Plus has added Julie Piepho to its leadership team as executive strategic advisor

Credit Plus has announced that its 4506-T Reports are now fully integrated with Fannie Mae’s Desktop Underwriter (DU) platform. Lenders can now obtain automated access to Credit Plus 4506-T Reports through DU and at the same time will obtain freedom from representations and warranties on specific components of the loan process.
 
“We’re excited to integrate with Fannie Mae to help lenders reduce risk and verify a borrower’s income with what’s on file with the Internal Revenue Service,” said Greg Holmes, National Director of Sales and Marketing at Credit Plus. “The automated accessibility of this data not only improves workflow efficiency, but it also gives lenders greater assurance that their borrowers’ income and assets are accurate.”

 
About the author
Published
Oct 20, 2017
In Wake Of NAR Settlement, Dual Licensing Carries RESPA, Steering Risks

With the NAR settlement pending approval, lenders hot to hire buyers' agents ought to closely consider all the risks.

A California CRA Law Undercuts Itself

Who pays when compliance costs increase? Borrowers.

CFPB Weighs Title Insurance Changes

The agency considers a proposal that would prevent home lenders from passing on title insurance costs to home buyers.

Fannie Mae Weeds Out "Prohibited or Subjective" Appraisal Language

The overall occurrence rate for these violations has gone down, Fannie Mae reports.

Arizona Bans NTRAPS, Following Other States

ALTA on a war path to ban the "predatory practice of filing unfair real estate fee agreements in property records."

Kentucky Legislature Passes Bill Banning NTRAPS

The new law prohibits the recording of NTRAPS in property records, creates penalties if NTRAPS are recorded, and provides for the removal of NTRAPS currently in place.