Origence’s mortgage lending platform has received certification from Fannie Mae’s Day 1 Certainty program, the company announced.
Origence said its platform now enables lenders to achieve Day 1 Certainty from Fannie Mae while accelerating the borrower's experience and closing loans faster by automating the verification of a borrower's identity, employment, income and assets.
“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,” Origence President and Chief Product Officer Roger Hull said in a release.
“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,” Hull said. “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.”
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.