4-30-18 FannieMae Approval Process and What Causes Delays - Beth Millstein

On this episode of Lykken on Lending we have Beth Millstein, Fannie Mae's Director of Business Development within Single Family Business.

Topics that will be discussed in the interview will cover:

• Updates on getting approved with Fannie
• The time it is currently taking to get approved these days (assuming they turn in a complete package).
• What are some of the most common reasons companies applications are turned down or, at minimum, are delayed in getting approved.
• Any info that companies that are approved need to be aware of…
  - Day One Certainty
  - The Mortgage Origination Risk Assessment (MORA)

Beth Millstein is Fannie Mae’s Director of Business Development within Single Family Business where her team is responsible for sourcing, evaluating and sponsoring new customer relationships. She and her team help lenders assess eligibility and readiness to sustain a relationship with Fannie Mae. Millstein also manages Fannie Mae’s national affinity and trade association business to business relationships.

Millstein has been with Fannie Mae for over 25 years and has held a variety of roles including managing hundreds of small lender relationships and developing business strategies to serve small lenders. As a certified Human Resources Professional, she managed recruiting, human resource management and employee business training for several of Fannie Mae’s divisions. Millstein came to Fannie Mae with more than a decade of experience in mortgage banking and capital markets, having worked for a variety of lenders in the mid-Atlantic region. She holds a bachelor of arts in music and philosophy from Wellesley College and has completed post-graduate work in Human Resources.

Get more details.