Where Do Ideas for Mortgage Apps Come From? A Look Inside Fannie Mae’s InLab
According to Housing Industry Forum (also published by Fannie Mae), many lenders are still warming up to the idea of replacing loan officers with laptops and smartphones to conduct their mortgage lending.
But thinking that it will eventually make the move, Fannie Mae’s Re-engineering America’s Mortgage Partner (RAMP) division is already working on online services and applications to support its business. In recent years, RAMP has built and distributed free of charge the groundbreaking Collateral Underwriter™, an app that gives lenders added certainty on appraisals, thereby contributing to improvements in the underwriting process.