Conventional Conforming & High Balance
Fannie Mae DO and Freddie Mac LPA direct execution with sponsoring lender speed, streamlined automated findings, and aggressive institutional rate pricing.
Underwriting Specifications & Parameters
Program Highlights & Selling Points
- Direct Fannie Mae DO Sponsoring (#7099000002)
- Automated Underwriting System (AUS) Waiver Eligible
- 1–4 Units, Warrants & Non-Warrantable Condos, PUDs
- Competitive Pricing Margins & Broker Comp Options
Program Overview & Guidelines
Direct Agency Wholesale Execution & DO Sponsoring
Corva Lending LLC provides direct wholesale Agency execution backed by Fannie Mae Desktop Originator® (DO) direct sponsorship. Independent mortgage brokers submit loan files directly to Corva in DO, unlocking automated underwriting findings, rapid milestone turnarounds, and competitive secondary marketing pricing.
Program Limits & Parameters
- Maximum LTV: Up to 97% LTV for First-Time Homebuyers (Fannie Mae HomeReady® / Freddie Mac Home Possible®); 95% standard conforming purchase.
- Minimum FICO: 620 credit score.
- Loan Limits: Baseline FHFA Conforming Limits and County High-Balance / Super Conforming limits up to maximum statutory allowances.
- Property Types: 1-4 Unit Residential, Fannie Mae Warrantable Condominiums, Planned Unit Developments (PUDs).
Fannie Mae DO Sponsoring Setup
To originate Fannie Mae files with Corva Lending LLC:
- Log into your Fannie Mae DO account and navigate to Broker Management.
- Search for and select Corva Lending LLC using our official Sponsoring Lender ID:
941606. - Our wholesale lock desk approves your sponsorship request within 4 business hours.
Turnaround & Underwriting SLA
Automated DU/LPA Approve/Eligible files receive initial underwriting conditional approval within 24 hours. Our wholesale underwriting team works directly on your live file to clear conditions rapidly.
Submit Conventional Conforming & High Balance Scenario
Direct credit desk review by dedicated wholesale underwriters. Submit transaction parameters below for immediate pricing, structuring, and written terms.