Fannie Mae Supports eMortgage Initiative

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.