Fannie Mae, moving swiftly to roll out its new electronic network, has sent out letters inviting vendors of mortgage services to participate. The letter says the first applications on the network will be available July 15.

Fannie is calling the network Mornet-EDI. The letter describes it as "a value-added network for the exchange of information utilizing electronic data interchange [EDI] standards to connect lenders to credit bureaus, mortgage insurers, title insurers, hazard insurers, and many others."

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