Wednesday, March 18, 2009

New Fannie Mae Loan Lookup Available for Borrowers

As more borrowers become familiar with the Making Home Affordable program, there has been an increase in borrower inquiries regarding the identity of their mortgage investor. To help borrowers answer this question, Fannie Mae has launched the Fannie Mae Loan Lookup for borrowers. The address is: http://loanlookup.fanniemae.com/loanlookup/

This new tool replaces the existing inquiry feature and provides an immediate answer indicating whether or not Fannie Mae is the investor on the loan at a specific address. Borrowers only need to enter their address information to get a result.

Freddie Mac offers a similar tool. Borrowers can visit Fannie Mae’s Web site, fanniemae.com, or Freddie Mac’s Web site, freddiemac.com, to use the new lookup tools. Alternatively, with the borrower’s consent, you may utilize these tools to quickly determine the mortgage investor for the borrower.

For additional details on the Loan Lookup Tool, please review the Frequently Asked Questions for lenders on www.FannieMae.com.

(author: Julie St. Jean)

1 comment:

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