Fannie Mae has announced the release of the latest version of its Desktop Underwriter automated loan origination and underwriting system.With DU 4.3, lenders can offer investor loans with loan-to-value ratios of up to 90%, fixed- and adjustable-rate cooperative share loans, exterior-only property inspections, and loan limits for conforming loans to $240,000. Currently, more than 750 lenders use DU to process more than 30,000 loan submissions a day. In 1998, lenders will use the system to underwrite more than two million loans. Fannie Mae's website address is http://www.fanniemae.com.
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