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Join us for a FREE Webcast sponsored by Fannie Mae:
Desktop Underwriter® DU® 7.0
Wednesday, June 25, 2008
2:00 p.m. - 3:30 p.m. ET
Understand the upcoming changes being made to the DU® risk assessment with DU Version 7.0, effective May 2008. The changes are being made as a part of Fannie Mae’s regular evaluation of Desktop Underwriter® (DU®), where we conduct periodic examinations of the underlying DU® risk assessment to ensure that DU®’s capacity to effectively analyze risk is updated with new data and loan performance information.
Join Joe Hallet, Director, Automated Underwriting Strategy to learn more about the changes to Desktop Underwriter. During the Webcast, you will learn:
Your questions are welcome during the presentation -- please attend, engage and learn how to help your members, your communities and your bottom line!
Join us for this FREE webcast exclusively for NAFCU members! There is limited space available. Click here to register today or call NAFCU's Member Service Center at 800-344-5580.
NAFCU/FANNIE MAE ALLIANCE -
ENHANCEMENTS NOW AVAILABLE!
NAFCU and Fannie Mae recently announced enhancements to their alliance agreement to make participating in the secondary mortgage arena more convenient for NAFCU members. You now have even more choices to enhance your mortgage lending experience including:
• Better pricing in the secondary market for fixed-rate mortgages, including biweeklies and the 40-year mortgage for members who elect to deliver a set percentage of their secondary market sales to Fannie Mae
• Discounts for automated property service reports for members who elect to deliver a set percentage of their secondary market sales to Fannie Mae;
• More frequent portfolio pricing updates for those that utilize the mortgage loan portfolio analysis for more proactive asset liability management
In addition you will continue to receive the other benefits available to NAFCU members including:
• Mortgage products to meet the ever-changing needs of your borrowers:
o MyCommunityMortgage™ loans for low- to moderate-income borrowers with LTVs up to 100% and lower MI requirements
o HomeStyle® renovation and construction-to-perm lending, for approved lenders
o Access to products to expand your reach to underserved markets (Native American, reverse mortgages, rural housing initiatives)
• In-depth training to help you expand your mortgage finance skills and courses to help you grow your mortgage business through Fannie Mae’s Housing Finance Institute™ (alliance discounts available)
• Timely updates on Fannie Mae initiatives, including new product rollouts and community development outreach efforts through their Community Business Centers.
• Dedicated support team of Fannie Mae professionals available to guide you through the process.
To learn more
If you
are interested in discussing the details of the NAFCU/Fannie Mae alliance, please contact Fannie Mae’s Tammy Trefny at (312) 368-6218 or via e-mail. Each participating NAFCU member signs a business agreement directly with Fannie Mae, which does not in any way preclude your credit union from doing business through other secondary market channels. You will also need to sign a confidentiality agreement prior to receiving proprietary details on the agreement terms. To get started, download the confidentiality agreement. The appropriate person in your credit union (such as the CEO) should sign it and then fax it to Sean Habron's attention at (202) 752-1777. Upon receipt of the signed agreement, Fannie Mae will send you a summary of the NAFCU alliance agreement and instructions on accessing the online Fannie Mae lender application.
To read more about the benefits of the alliance agreement, download the brochure.
For more information, visit eFanniemae.com.
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