CHICAGO, Oct. 24, 2018 /PRNewswire/ — MortgageHippo, the leading borrower-centric digital lending platform, announced today its complete integration with Fannie Mae’s Desktop Underwriter® (DU®) system. This integration will ensure an even smoother and more efficient mortgage process, saving lenders time and increasing efficiencies with respect to underwriting.
Fannie Mae is a leader in the secondary mortgage market; helping lenders who provide housing finance for homebuyers and renters in the United States. Its DU system provides lenders a comprehensive credit risk assessment that determines whether a loan meets Fannie Mae’s eligibility requirements. MortgageHippo’s integration with Fannie Mae will allow lenders to use the MortgageHippo platform to submit applications directly to DU. This will expedite the loan origination process for both loan officers and borrowers, creating a superior experience.
“MortgageHippo’s integration with DU is a crucial step in continuing to provide a fantastic digital borrowing journey for our lenders’ customers,” said Joe Dahleen, EVP & Chief Strategy Officer at MortgageHippo. “We are continually innovating as well as creating strategic integrations to ensure that the MortgageHippo digital mortgage platform continues to provide the best possible borrower experience. Among other things, the DU integration allows loan officers to stay primarily in the MortgageHippo platform, without needing to switch to the LOS to access the AUS.”
About MortgageHippo: Based in Chicago, MortgageHippo is a financial technology company offering a comprehensive suite of web and mobile-ready products white-labeled for banks, credit unions and mortgage lenders. Their digital platform allows lenders to deliver an intuitive, smooth and efficient borrower experience, improve borrower conversions, significantly reduce origination costs and integrate with other innovative technologies. MortgageHippo’s platform is highly customizable to lender preferences and configurable to lenders’ workflows and processes. For more info, visit www.mortgagehippo.com
Contact: Brooke Mulder, brooke@mortgagehippo.com, 623-229-5099
SOURCE MortgageHippo