This is a YouTube video titled "Benefits of Truv VOA: Insights from Fannie Mae" containing a detailed explanation from a single speaker about Fannie Mae's asset verification report process. The speaker discusses the importance of having 12 months of asset transaction data for various verification purposes such as income, employment, and rent documentation, clarifying common confusions lenders might have regarding the data received from asset vendors.
If you come to Fannie Mae's site, you will see us talk about an asset verification report. That's what we call it because that's what we're using what we call an asset report to verify income, employment, assets. It can be used for all of them. We also use it for other means. And so where the 12 month kind of came in is because in order to use your asset transactions for income, in order to use your asset transactions to document your rent for our PRPH positive rent payment program, in order to use your asset transactions for a cash flow analysis to help thin credit borrowers, we Fannie Mae needed 12 months worth of asset data within that du can use that in order in its models to validate, to provide D1C. And for the programs that I mentioned, and why that gets confusing is because what a lender might receive, what a lender will receive is really only 30 or 60 days worth of transactions. They're not receiving that whole 12 months. So it can be kind of confusing. And when Fannie mae talks about 12 months, all we're trying to say is you need to make sure whatever asset vendor that you are using, that you're ordering an asset report from is, is sending DU 12 months worth of data. That's, that's the key. And every single asset vendor has a different name for product. They have multiple products where they send us, you know, 12 months, 24 months. When, when a lender is talking to their vendor, they, they need to make sure that that 12 months worth of history is being sent to Duke.
