In this episode of Lykken on Lending David will be talking with Cyndi Danko, who is the Fannie Mae‘s VP of Single-Family Credit Risk Policy, about how Fannie Mae has responded to the COVID-19 pandemic.

Quick background of…..

Cyndi Danko, who is the Fannie Mae‘s VP of Single-Family Credit Risk Policy, Danko is accountable for developing policy for selling and servicing activities, the representations and warranties framework, mortgage and borrower eligibility, underwriting, and loan management/servicing standards and requirements, including loss mitigation. Danko is responsible for all aspects of credit risk policy that maintain the risk management processes of the Single-Family Business.

Previously, Danko was Vice President – Risk Management Technology Solutions in Single-Family Digital Products. She was responsible for managing the company’s core credit risk management applications, including Desktop Underwriter (DU), Collateral Underwriter, and the Collateral Data Delivery System. In this role, she developed strategy and managed operations of a team that designed and implemented new risk management enhancements and features for customer-facing applications. Prior to that, Danko was Director – Single-Family Automated Underwriting, where she led implementation and testing of new business and technology product enhancements and risk management capabilities for Fannie Mae’s Automated Business Solutions. She has also held several positions related to DU and the company’s risk management capabilities.

Danko has a Bachelor of Business Administration in Finance and a Master’s in Business Administration from Marymount University.

Website discussed in the segment: KnowYourOptions, Fannie Mae is here to help its Single-Family partners and their customers!!

Topics to be discussed:

1. How has Fannie Mae responded to the COVID-19 pandemic?
2. How have you been supporting servicers?
3. What sort of resources and help are you offering homeowners and renters?
4. What have you been hearing from servicers in terms of their inquiries they are receiving, the help they are extending, the resources and relief available via Fannie Mae?
5. Has Fannie Mae had to adapt or respond to needs amid the pandemic, either from homeowners or servicers?
6. Forbearance has been an important relief option for many. What have you observed in terms of uptake, exit, repayment, etc., so far?