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How will lenders benefit from the requirement to transmit additional loan data, which will likely require a significant resource investment for them to implement?

April 26, 2017additional benefit Data lenders likely loan require requirement SIGNIFICANT transmit

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How will lenders benefit from the requirement to transmit additional loan data, which will likely require a significant resource investment for them to implement?

1 Answer

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10 Posted

Improving the consistency and accuracy of the data regarding the loan, borrower, and property is expected to provide more certainty regarding the eligibility of a loan for sale in the secondary market to the GSEs. Leveraging technological advances also helps to build a sustainable mortgage finance system for the future.