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The concept of zero-defects is challenging to achieve, and even Fannie Mae does not evaluate lenders by a zero-defect-rate standard. Instead, Fannie Mae expects lenders to set defect rate targets as reasonably low as possible based on formal cost-benefit analysis and demonstrate to Fannie Mae how they are managing loan quality to meet their established target. But with the rise of technology companies helping mortgage originators, lenders can get one step closer to that zero-defect loan without compromising time or profits. Learn more by clicking on link below.
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