Mortgage Collaborative Expands Partnership With Fannie Mae

Posted by Patrick Barnard on May 20, 2015 No Comments
Categories : Residential Mortgage

The Mortgage Collaborative, an independent lending cooperative serving small and midsize lenders and community-based lending institutions, has announced that its member firms will now get increased benefits from Fannie Mae, thanks to a recently expanded agreement between the two organizations.

The expanded agreement means member firms will now have access to additional training through Fannie Mae, as well as reduced licensing and loan submission fees on Fannie's Desktop Underwriter.

What's more, member firms will have access to a dedicated team of Fannie Mae experts who can help them improve operations and reduce origination costs. Additionally, there will be efforts to expand affordable lending programs for members, as well as developing new relationships with state housing finance agencies.

The Mortgage Collaborative's strategic partnership with Fannie Mae was announced earlier in the year.

‘Fannie Mae has played a pivotal role in the mortgage industry recovery, thus our objective is to broaden its impact by enabling lenders regardless of size access to these key Fannie Mae benefits,’ says John Robbins, co-founder of the Mortgage Collaborative, in a statement. ‘The partnership between Fannie Mae and the collaborative provides our members direct secondary market access, leveling the playing field for proven performers.’

‘Fannie Mae is happy to support the Mortgage Collaborative's efforts to serve small and mid-size mortgage lenders and community-based lending institutions,’ adds Jennifer Whip, vice president of customer engagement for Fannie Mae. ‘We support fair and equitable access for lenders selling into the secondary market, and our strategic partnership with The Mortgage Collaborative enables the two organizations to work closely together to serve member needs.’

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