Media representatives tried to ascertain information about the voting beyond close time
at the station, but they were not let in.
There was a clear need for a product featuring higher proceeds, lower transaction costs and a faster close time
while being able to accommodate more qualifying properties than previously existing multifamily loans," said Billy Posey, chief executive officer of Fannie Mae DUS production at Greystone Servicing Corporation.
The company attributes this change in estimate primarily to the difficulty in assessing expected claims for individual hurricane events when more than one storm strikes in a close time
frame and follow similar landfall paths.
This integration will eliminate date re-entry and significantly reduce errors, speeding the loan submission process, reducing costs and shortening close times
The workflow allows for extended close times
, greater flexibility in dealing with last-minute changes, and large numbers of pages output faster, at less cost than before.