In a bid to help lenders make a decision on loan, Federal National Mortgage Assctn Fnni Me (OTCBB:FNMA) has integrated its Collateral Underwriter with that of Desktop Underwriter and EarlyCheck. By such integration, the government-backed housing entity will assist lenders to effectively manage and underwrite loans on the basis of risk.

Boosting tools for lenders

It should be noted that Collateral Underwriter is the company’s proprietary appraisal analysis tool, which gives lenders access to public record, analytics and other data that is helpful in evaluating risk on an appraisal.

The measure comes on the heels of Federal National Mortgage Assctn Fnni Me (OTCBB:FNMA)’s announcement in last October, when it had equipped the lenders with Collateral Underwriter in order to ensure that the loans met the housing entity’s standards. The company aimed at reducing the repurchase risk through such measure. Now, the integration will display the risk score, messages and flags pertaining to an appraisal that are submitted to the company’s Collateral Underwriter in DU and EarlyCheck.

Minimize repurchase risk

As a result of this integration, lenders will get a holistic view of risk attached to a loan across the applications, which will boost their decision-making ability. The lenders will be able to resolve issues even before loan delivery, according to Federal National Mortgage Assctn Fnni Me (OTCBB:FNMA).

The company’s Senior Vice President for Single Family Business Capabilities, Marianne Sullivan said that the Desktop Underwriter, Early Check, and Collateral Underwriter are foundation tools for a robust housing finance system. She said that the integration will enhance the lenders capabilities and minimize repurchase risk, which will help in building strong and profitable businesses.

The stock of Federal National Mortgage Assctn Fnni Me (OTCBB:FNMA) rose marginally by 0.71% to $2.84 during the previous trading session. A total of 5 million shares traded on the exchange during the said session.

Previous articleTOTALLY HEMP CRAZY (OTCMKTS:THCZ) Catches Investors’ Frenzy Once Again
Next articlePharmacyte Biotech Inc (OTCMKTS:PMCB) Ready To Start Clinical Trial For Treating Diabetes Soon
Steve Kanaval: Portfolio Manager/Writer/ Market Analyst Steve began his career in the Trading Pits in Chicago making markets at the Chicago Mercantile Exchange (NYSE:CME) the Chicago Board of Trade and the CBOE in the early 80’s. He ran the Morgan Stanley Derivative Prop Trading for the firm specializing in Index Arbitrage. He continued his career as a Trader/Portfolio Manager for multiple Hedge Funds during the Internet Boom of the 90’s managing large portfolios. Steve is known as an expert in MicroCap Technology Stocks and the emerging Digital Currency markets as a Portfolio Manager for his Family Office. Steve has managed portfolio’s in volatile asset classes for 3 decades as a commodity trader, hedge fund manager and digital currency trader and miner. Steve publishes his views on the asset classes in a public forum and has published more than 10,000 articles simplifying these complex and volatile assets for readers. His work is published on multiple sites including Bloomberg,,, CryptoCurrencyNews as a paid contributor. His work includes research, journalism and archived video on important market volatility related to stocks, digital currency and other volatile misunderstood asset classes. He offers a humorous, unique insight and the related back stories and drivers for readers interested in volatility and emerging market assets. Full disclosure Steve is long 25 digital currencies and sits on the board of multiple public companies involved in digital currencies, and owns shares in these companies from time to time.