Quicken Loans, Fannie Mae Pilot Simplifies Income, Asset and Employment Verification
Getting a mortgage has traditionally involved filling out a ton of paperwork and gathering a mountain of documentation from various sources. With Rocket Mortgage® by Quicken Loans, we’ve been able to take the process of gathering your documentation online.
Now, as part of a new pilot with Fannie Mae that will roll out more broadly in 2018, we’re working to simplify the process even further: We’re able to verify your income, assets and employment just by looking at the direct deposit information on your bank statement.
We’ll go over exactly how this works and what it means for clients applying for Fannie Mae conventional loans.