The client was looking to be approved by Fannie Mae in order to grow their business. Unaware of the complexities of the process, the client was unprepared to navigate the approval process and prepare documents for audit. They needed help, and quickly, to gather all the required pieces and have the documents appropriately organized for review.
Baker Tilly provided personalized assistance to help the client understand and maneuver the nuanced process of getting through the Fannie Mae direct seller approval process. Our professionals assisted the client through the process by helping the client get the right documentation, answer process questions and find solutions for difficult processes. Our knowledge of the Fannie Mae approval process to help the client prepare for their review. This included compiling sample files as well as preparing data and documents to read appropriately during the review.
With Baker Tilly’s assistance the client was able to complete the process and achieve Fannie Mae approval. This approval allows them to do business within the largest loan marketplace. After being approved by Fannie Mae a mortgage lender can now sell directly to Fannie Mae opposed to an aggregator, allowing them more options in execution strategies for loan disposition. This approval opens the client up to the future of servicing their own loans and expanding lending operations.