Blend, a leading technology platform for the mortgage industry, is set to expand its relationships with lenders by integrating Fannie Mae’s DU early assessment enhancement into its system. This integration will be made possible through Blend’s soft credit pull function, allowing lenders to access valuable information about borrowers’ creditworthiness at an earlier stage in the loan origination process. This enhancement aims to streamline and accelerate the mortgage approval process, ultimately benefiting both lenders and borrowers.
Key points:
– Blend, a prominent mortgage technology platform, is seeking to attract more lenders.
– Fannie Mae’s DU early assessment enhancement will be directly integrated into Blend’s system.
– This integration will leverage Blend’s soft credit pull function to provide lenders with valuable credit information earlier in the loan origination process.
– The goal is to streamline and expedite the mortgage approval process, benefiting both lenders and borrowers.
You can read this full article at: https://www.housingwire.com/articles/blends-soft-credit-pull-function-supports-fannie-maes-du-early-assessment/(subscription required)
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