WASHINGTON - America's Community Bankers and Fannie Mae cut a deal Thursday that gives the trade group's members a number of perks for funneling their loans to the mortgage financier.
Fannie will give ACB members access to automated underwriting programs over the Internet, enhanced access to Fannie Mae products to help meet Community Reinvestment Act requirements, and portfolio analysis to identify secondary market sales opportunities for any loans they deliver to Fannie. ACB members will also get educational and training support from both the trade group and Fannie on how to expand access to the secondary market.
ACB's 1,200 members may start signing up Feb. 1.
