News Detail

Lending startup Blend approved for Fannie Mae Day 1 Certainty

Startup is among the first to provide asset verification for Fannie Mae's mortgage applicants


Enterprise lending software startup Blend has just earned a major vote of confidence from mortgage securities giant Fannie Mae. Blend has been approved as a provider of asset verification for Fannie Mae’s Day 1 Certaintyprogram.

Day 1 Certainty lets consumers cut about a week from their mortgage approval process and apply for everything online. The San Francisco startup Blend powers easier-to-use, consumer-friendly software for mortgage lenders and collects data about the process.

“This is a really big step toward our vision of a digital mortgage and really a data-driven world,” Blend business development lead Brian Martin said in an interview with Inman. “Fannie Mae plays such an important part in the mortgage market that it’s great that together we’re able to drive this change, with us enabling the tech and the data and them accepting it.”

Specifically, Blend will be contributing to Fannie Mae’s Desktop Underwriter, or DU, validation service–an online app that lets lenders see if their loan complies with Fannie Mae’s requirements. That step of the process confirms an applicant’s income, assets and employment. Loans underwritten through this system get relief from some reps and warrants.

Blend says it is the first end-to-end platform to serve as a validator at this stage.

Consumers who use Blend’s mortgage interfaces will now be eligible for Day 1 Certainty when they start applying for a home loan. Usually, consumers interested in the Day 1 Certainty program have to pursue it on their own.

“The borrower doesn’t have to do anything out of the ordinary other than go through the Blend experience and submit applications,” Martin said.

Fannie Mae is hoping adding Blend’s approach to mortgages to Day 1 Certainty will lead more consumers to adopt the program, Martin said.

Blend is a six-year-old startup co-founded by former software engineers at Palantir, the intelligence company launched by controversial Silicon Valley mega-investor Peter Thiel (whose Founders Fund has also funded Blend). Last August, it raised another $100 million in funding.

Email Emma Hinchliffe

Article image credited to Inman

Go Back

Who We Are

Welcome to Zillastate. Funny name, Friendly folks, First Class Residential & Commercial Real Estate Service.

View more

Why Choose Us

Real estate market, investment strategies, and development.

We are with you all the way, helping guide you through the process.

ZillaState's team will provide you with exceptional service in all your transaction.

Buying your first home can be somewhat intimidating; we are there with you every step of the way.

ZillaState prides itself in tailoring our approach to fit your needs.


Kyle Graybeal was the listing agent for our Missoula residential property last year. He was exceptional to work with and had our interests at heart through every step of the process. Kyle’s long experience with Missoula real estate and property management made this a very positive process. Kyle was able to accurately predict the correct listing price and timing for our property, and offered his list of reliable sub-contractors to help us do necessary repairs and upgrades prior to listing. He kept us promptly informed throughout the showings and offerings and was present at closing. He exhibited patience, dispassionate selling advice and technical knowledge about the process. I would recommend him without hesitation, and will utilize his experience and skills again.

- 2015 Client, Seller