Interested in the advantages of incorporating AccountChek with Fannie Mae's Desktop Underwriter® (DU®)?
Lenders using Fannie Mae’s Desktop Underwriter® (DU®) can now leverage AccountChek to validate income and employment in addition to assets with a single asset report.
By using direct deposit banking data to evaluate income and employment, lenders can streamline borrower eligibility and manage costs.
Learn more about how this program works
Benefits
Improve operational efficiency to get "clear to close" faster
Lower costs by reducing third-party report expenses and staff time**
Streamline large deposit verification by reducing documentation requirements
Validate income, employment, and assets to receive relief from enforcement of warranties
Less docs = better borrower experience & higher chance of closing
Less fraud due to direct data sourcing from financial institution