PURE: "If the GSEs can go directly to the source" to verify borrowers' assets "and remove people from the process, they mitigate fraud and have 100% quality data," says Brent Chandler.

How Technology Could Create the 'Perfect' Mortgage Loan

With more reliable loan data, Fannie Mae and Freddie Mac would have greater confidence that borrowers would not default. In return, lenders would receive a juicy carrot: fewer buyback requests.

To continue, please log in, register or subscribe.
Already a subscriber? Log in here
Please note you must now log in with your email address and password.

Already a subscriber? Log in here
Please note you must now log in with your email address and password.