Fannie Mae Expands Income Calculator Tool with Free, Web-based Option for Loan Originators
WASHINGTON, May 8, 2024 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) has announced new enhancements to its Income Calculator tool that will help mortgage professionals serve the growing number of mortgage applicants in the U.S. who are self-employed and don't have traditional sources of income. Available now on FannieMae.com, lenders and other loan originators can leverage Fannie Mae's web-based Income Calculator for easy, accurate, and immediate calculation of self-employment income, at no additional cost.
- Available now on FannieMae.com, lenders and other loan originators can leverage Fannie Mae's web-based Income Calculator for easy, accurate, and immediate calculation of self-employment income, at no additional cost.
- With the Fannie Mae Income Calculator, lenders receive an accurate, validated income amount for use in the underwriting process.
- Income Calculator is a Fannie Mae-hosted service that uses tax return data to calculate monthly income using current Selling Guide requirements before the lender submits the loan casefile to Fannie Mae.
- Lenders are encouraged to contact their Fannie Mae representative to learn how to get started with Income Calculator and other Fannie Mae technologies, products, and resources.