Fannie Mae’s New Loan Quality Initiative (LQI)
Fannie Mae has announced Selling Guide updates effective June 1, 2010. This Loan Quality Initiative has identified policy and process enhancements aimed at improving the lender’s ability to deliver mortgage loans that meet Fannie Mae’s underwriting and eligibility guidelines, thus mitigating repurchase risk.
Birchwood Credit Services offers its customers easy and enhanced fraud prevention and credit services to help you comply with this new Initiative.
BIRCHWOOD’S BUNDLE SOLUTION:
WE HAVE BUNDLED THE FOLLOWING THREE PRODUCTS AT A FIXED PRICE FOR GOOD FAITH ESTIMATE PURPOSES.
REFRESH CREDIT REPORT - This ‘soft report’ ELIMINATES ANY EFFECT ON THE BORROWER’S SCORE. Order it near the Closing Date to check for undisclosed liabilities.
COMPARISON REPORT - Compare the original Credit Report against your Refresh Credit Report quickly and effectively for peace of mind regarding Fannie Mae’s Loan Quality Initiative.
INQUIRY CLEARANCE SERVICE - Birchwood's FCRA-certified staff clears all inquiries to assure no additional debt.
IMPORTANT OTHER PRODUCTS FOR FANNIE MAE COMPLIANCE, WITH BUILT-IN ‘DELIGHT THE CUSTOMER’ BIRCHWOOD SERVICE
ID RISK REVIEW REPORT and SSA-89 REPORT - Fannie Mae requires additional verification of the SSN and other potential applicant fraud. These two products will get this done for you.
TAX RETURN VERIFICATION - This aids in the confirmation of the borrower’s identity and income. Birhwood’s turnaround time and skilled follow-up service is the best.
Pricing information can be obtained at 800-910-0015 or at firstname.lastname@example.org.