PRODUCTS AND SERVICES OFFERED THROUGH THIS PROVIDER

Secondary Mortgage Market

WHAT IS FANNIE MAE?

Fannie Mae is a government-sponsored enterprise chartered by Congress with a mission to provide liquidity, stability and affordability to the U.S. housing and mortgage markets. Fannie Mae operates in the secondary mortgage market. Rather than making home loans directly to consumers, the company works with mortgage lenders to help ensure they have funds to lend to home buyers at affordable rates.

HOW DO CREDIT UNIONS BENEFIT FROM THIS STRATEGIC ALLIANCE?

Doing business with Fannie Mae – whether you sell loans for cash or pool loans into mortgage-backed securities – can increase your credit union’s income and liquidity while helping to manage risk. Under the Fannie Mae/Credit Union National Association program, your credit union can take advantage of these benefits:

  • Discounted licensing and loan submission fees for Desktop Underwriter®, Fannie Mae’s state-of-the-art underwriting technology
  • Discounts on virtual classroom HFI™ (Housing Finance Institute®) registration fees
  • Reduced fees for new seller/servicer application fee and reactivation fee

Becoming a fannie Mae customer

The Path to Approval Toolkit makes the approval process faster and easier. It helps your credit union determine if you qualify to sell loans directly to Fannie Mae and to prepare for the approval process. Learn how to become a Fannie Mae seller/servicer

If you have questions about the Fannie Mae approval process, contact Tammy Trefny, Customer Account Manager II at (312) 368-6218 or send an email to sellerservicer_application@fanniemae.com

Ready to get started?

  • For further assistance, contact Tom Lybeck, CUNA Strategic Services alliance manager, at 800-356-9655, ext. 4109, or tlybeck@cuna.com.