Fannie Mae unveiled new solutions at the Mortgage Bankers Association 2017 Annual Convention and Expo in Denver that will lower costs and shorten the mortgage process.

The new solution with help simplify the mortgage process for lenders and servicers, Fannie Mae explained, saying it will make the housing finance system stronger and safer while meeting customers’ needs by increasing certainty and lowering costs.

Companies participating in the pilot program will see the benefits of these programs early. United Wholesale Mortgage announced mortgage brokers doing business with its company will be among the first in the country to use the Single Source Validation.

“Pushing the broker channel forward through innovative technology and enhanced services is what we’re all about, so Single Source Validation is a big win for our clients,” UWM President and CEO Mat Ishbia said.

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