SAN FRANCISCO, Feb. 13, 2018 /PRNewswire/ — Blend, a Silicon Valley technology company propelling the consumer lending industry into the digital age, today announced it is the first end-to-end platform to be approved to provide asset verification reports for the Desktop Underwriter ® (DU®) validation service a component of Day 1 Certainty by Fannie Mae.
Fannie Mae’s DU validation service is designed to provide customers 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.
Seamless account connectivity in Blend’s consumer lending process means lenders, who already see up to 70% of their borrowers connecting directly to source data, now have their loans with validated components automatically eligible for Day 1 Certainty.
Together with Fannie Mae, Blend is furthering its vision of data-driven, transparent, and lower-risk mortgages across the ecosystem. Using validated data and intelligent workflows, Blend can automatically identify tasks and facilitate them earlier in the