Mortgage bankers that utilize the Federal National Mortgage Association’s Day 1 Certainty can cut there turnaround by as much as a third.

The Washington-based secondary lender reports that its Day 1 Certainty, which helps lenders avoid repurchases, reduces the time it takes to close a loan.

According to Fannie Mae, hundreds of home lenders are benefiting from improved process efficiencies and reduced loan origination cycle times.

Source: Mortgage Daily