Keep up with GSE guidelines to identify opportunities for your clients. Be sure to check specific lender overlays and don’t hesitate to escalate for credit exceptions on strong files. If you don’t ask, you won’t get it.
Is your client’s mortgage underwater? Know their options by visiting Making Home Affordable. To learn specific AUS systemic nuances for HARP, re-visit the chapter in the Mortgage Matters book to gain accurate AUS findings.
- Check if your client’s mortgage is owned by Fannie Mae. You MUST enter their name and address EXACTLY as it appears on their mortgage billing statement. If you don’t, you’ll definitely receive the message, “No Match Found,” even if the existing loan may be eligible.
- Check if your client’s mortgage is owned by Freddie Mac. You MUST enter their name and address EXACTLY as it appears on their billing statement. If you don’t, you’ll definitely receive the message, “No. Our records show that Freddie Mac is not the owner of your mortgage,” even if the existing loan may be eligible.
Register with each provider to receive updates via email to their upcoming changes.