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2. Mortgage underwriting in the United States - Wikipedia

   en.wikipedia.org/wiki/Mortgage_underwriting_in...

   Fannie Mae and Freddie Mac are the two largest companies that purchase mortgages from other lenders in the United States. Many lenders will underwrite their files according to their guidelines, but to ensure the eligibility to be purchased by Fannie Mae and Freddie Mac, underwriters will utilize what is called automated underwriting. This is a ...

3. MISMO - Wikipedia

   en.wikipedia.org/wiki/MISMO

   MISMO standards are accepted and deployed by almost every entity involved in creating or regulating mortgages in the United States, including banks, credit unions, mortgage lenders, Fannie Mae, Freddie Mac, Ginnie Mae, the Federal Housing Administration and the Consumer Financial Protection Bureau, in addition to settlement services providers ...

4. Mortgage industry of the United States - Wikipedia

   en.wikipedia.org/wiki/Mortgage_industry_of_the...

   Origination is regulated by laws including the Truth in Lending Act and Real Estate Settlement Procedures Act (1974). Credit scores are often used, and these must comply with the Fair Credit Reporting Act. Additionally, various state laws may apply. Underwriters receive the application and determine whether the loan can be accepted.

5. What is Fannie Mae? All about America’s big mortgage ... - AOL

   www.aol.com/finance/fannie-mae-america-big...

   Fannie Mae does not sell mortgages directly to consumers, but it does offer different loan products (obtained through approved lenders) and also provides counseling networks, educational services ...

6. How generative AI is changing the mortgage process - AOL

   www.aol.com/finance/generative-ai-changing...

   How generative AI is making loan processing more efficient and accurate ... “Fannie Mae guidelines may be like 1,400 pages. So, [generative AI] can help teams get to a concrete set of rules ...

7. Flex Modification Program (FMP): Everything you need to know

   www.aol.com/finance/flex-modification-program...

   For starters, Fannie Mae or Freddie Mac must own your loan, which means it must be a conventional loan. If you have a government-backed loan like an FHA, VA or USDA loan, those programs have ...