Fannie Mae said on Monday it would allow lenders to use employment and income verification from a database maintained by credit bureau giant Equifax to verify borrowers ability to handle a loan, rather than relying on traditional documentation process. The move will make the mortgage process easier for borrowers and lenders alike. Fannie also announced changes for people who have no credit score. The traditional way of underwriting a loan with no credit score would be on a manual basis, but now Fannie will be able to underwrite those prospects in automated fashion. Great changes and it is getting easier to apply for and obtain mortgage credit. For any real estate or mortgage question please call Providence Team Realty to get answers.