MORTGAGE COMPLIANCE

EarlyCheck™ is a new web-based program that provides lenders with access to Fannie Mae Loan Quality Initiative (LQI) delivery data checks at any point in the lender's business process. The goal is to help lenders identify potential problems prior to loan delivery.

The initial offering of EarlyCheck has these access options:

• Support for loans prior to closing: weekend of September 25, 2010, two new EarlyCheck access options were implemented.

• An integration solution that can be directly integrated with a lender's LOS

• A Web-based user interface

• Support for loans in post-closing through the pre-delivery stage: effective with the July 26, 2010 Loan Delivery Release Notes, lenders access EarlyCheck data checks via the Loan Delivery system.

EarlyCheck has its own web page at eFannie.com that contains all the information needed to get started, including Registration, Release Notification, Additional Services, Resources, Training and Education, and Support.

For Analysis and Highlights:

LENDERS COMPLIANCE GROUP is the first full-service, mortgage risk management firm in the country, specializing exclusively in mortgage compliance and offering a full suite of hands-on and automated services in residential mortgage banking.

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