In Brief: Fannie Network Ally to Ease Credit Reviews

Southern Mortgage Reporting said it is offering access to streamlined credit review for lenders on Fannie Mae's network.

The company's affiliation with the Fannie Mae network, which was announced at the Mortgage Bankers Association's technology conference last week, allows lenders to order a credit report directly from all three major credit bureaus or to reaccess previously ordered reports for automated underwriting. This averts multiple inquiries, and only one credit report is needed throughout the process.

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