Integrate Your Online Mortgage Application with Fannie Mae's Desktop Underwriter System
With ActiveXIS™, your online mortgage application will deliver instant Fannie Mae underwriting decisions to applicants. Your loan officers will no longer need to re-enter data, retrieve credit reports, or print documents - eliminating up to 72 hours from the mortgage process.
We've taken care of the programming and testing, saving you thousands of dollars and reducing your development cycle to just one or two months.
Is this software or a service?
Both, really. ActiveXIS is a COM component that we've developed to serve as the conduit between HTML-based mortgage applications and the Fannie Mae Desktop Underwriting system.
Here's a 50,000 foot overview of how it works:
- We integrate the ActiveXIS API into your online mortgage application (either
an existing app or one that we create for you) to transmit your
applicant's data to the Fannie Mae Desktop Underwriter® system
- Desktop Underwriter will return an immediate underwriting decision
- You decide how you want to handle approvals and declinations - show applicants the actual results, or if the loan is declined, simply indicate that you'll need to contact them to finish the process
- You choose whether to stop the process there or allow applicants to print and sign their disclosures, Good Faith Estimate and any other docs
What about security?
We use the MemberProtect® security system to guarantee the safety of your loan data by encrypting all key data inside the database prior to submitting it to Fannie Mae for underwriting. Data is then transmitted to Fannie Mae Desktop Underwriter through secure SSL connections.
Summary of Key Benefits
- Provide definitive approval or rejection to applicants within seconds.
- Eliminate the need for manual processing.
- Applicants can retrieve and review credit report.
- Applicants can print their own approval letter.
- Reduce costs and shorten time to market.
- Does not require loan officers to re-enter data, retrieve credit reports or print documents.
How much does it cost?
- ActiveXIS™ implementation fees vary, but the usual range is between $8,000 and $30,000.
- We also offer secure hosting for your online mortgage applications - contact us for more information.
Desktop Underwriter® is a registered trademark of FannieMae and InetSolution is not affiliated with Fannie Mae. You must be an approved Fannie Mae Desktop Underwriter licensee or lender to submit loans to the DU system using ActiveXIS.
