Fannie Mae to Digitize Multi-Family Loan Portfolio with SimCorp Pilot
US mortgage financing enterprise hopes to transition to a new digital system for its multi-family loans mortgage book in 12 to 15 months.
The Federal National Mortgage Association, commonly known as Fannie Mae, is co-developing and configuring a pilot solution with SimCorp to digitize its multi-family loan portfolio.
The mortgage financing firm is central to the United States housing market, with responsibility for over 18 million loans and $3 trillion in mortgage debt, which it securitizes. The firm was nationalized in 2008 during the financial markets crisis along with Freddie Mac, otherwise known as the Federal Home Loan
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