In Brief: Wholesale Lenders Using Fannie's Systems

Mortgage companies are finding that wholesale lending, in addition to retail efforts, can be expedited by using Fannie Mae's automated underwriting systems.

Crossland Mortgage, Inland Mortgage, and TrustCorp Mortgage have begun using the underwriting system to screen loan applications and determine rate-locks and investor eligibility.

Brokers say the system gives them an edge in their communities. "My cost to process has gone down, and my speed to close has improved," said Ronald Blomberg, a broker at Service First Mortgage in Atlanta, which does business with Inland Mortgage.

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