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Home » Store » News » Fannie Looking at Improving ‘As Soon As Pooled’ Program

Fannie Looking at Improving ‘As Soon As Pooled’ Program

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Fannie Mae is looking to improve the efficiencies and systems that drive its “As Soon As Pooled” program, the secondary market giant confirmed to Inside The GSEs. A spokesman for Fannie said no major changes are planned, especially regarding eligibility requirements, which is good news for the small to medium-sized lenders that use it. “ASAP is something we have been looking at,” he said. “The focus is on how we can make it better. But I can’t offer you any timetables.” ASAP is essentially an early delivery program. It allows lenders to fund loans closer to origination – up to 60 days before they are delivered to Fannie.For nonbank lenders that use warehouse lines of credit, the cost savings can ...
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