As part of a panel discussion held at this year's MBA National Technology in Mortgage Banking Conference and Expo, Fannie Mae managing director, eMortgage solutions Charlotte Haberacker said that the company is a real believer in this approach to conducting business.Also as part of the panel numbers were crunched by other participating lenders to show the real benefits. For one, a spokesperson from Navy Federal Credit Union, Vienna, Va. said that the company saves $240 per loan. That savings is expected to be even greater for larger lenders that deal with more parties, i.e. mortgage brokers, processors, etc., during the course of the process.

Subscribe Now

Authoritative analysis and perspective for every segment of the mortgage industry

30-Day Free Trial

Authoritative analysis and perspective for every segment of the mortgage industry