Lending startup Blend approved for Fannie Mae Day 1 Certainty

Startup is among the first to provide asset verification for Fannie Mae's mortgage applicants

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Inman Connect San Francisco, Jul 16-20, 2018

Enterprise lending software startup Blend has just earned a major vote of confidence from mortgage securities giant Fannie Mae. Blend has been approved as a provider of asset verification for Fannie Mae's Day 1 Certainty program. Day 1 Certainty lets consumers cut about a week from their mortgage approval process and apply for everything online. The San Francisco startup Blend powers easier-to-use, consumer-friendly software for mortgage lenders and collects data about the process. "This is a really big step toward our vision of a digital mortgage and really a data-driven world," Blend business development lead Brian Martin said in an interview with Inman. "Fannie Mae plays such an important part in the mortgage market that it's great that together we're able to drive this change, with us enabling the tech and the data and them accepting it." Specifically, Blend will be contributing to Fannie Mae's Desktop Underwriter, or DU, validation service--an online app that lets lenders...