DUSThe multifamily model for the future.
Our Delegated Underwriting and Servicing (DUS®) model – the premier financing platform in the multifamily market – is built on three pillars: risk-sharing, delegation, and life-of-loan servicing.
Clear Capital + Arbor Partnership
Real estate is a people business, it’s a relationship business, and finding the right partners is crucial.—Eric Sussman, Founding Partner, Clear Capital, LLC
Read how the DUS program is designed to help borrowers achieve success.
Learn MoreFast. Flexible. Certain.
Fannie Mae is dedicated to supporting a strong U.S. multifamily market
1As of 2019
Market Leader 30+ Years
Guarantees 20% of multifamily market
Provided $628 B in liquidity1
Financed 10.3 M units1
The Delegated Underwriting and Servicing platform.
25 DUS lender partners are authorized to underwrite, close, and deliver loans on our behalf.
In exchange, Lenders and Fannie Mae share the risk on those loans.
Borrowers, Lenders, and Fannie Mae share the reward.
It’s built on three pillars
Risk-sharing
Incentivizes lenders to prioritize credit quality
Gives borrower certainty of execution, faster decisions, quicker closings, better pricing
Protects taxpayers
Delegation
Expedites lenders’ response to customers
Allows us to scale our business as industry conditions change
Life-of-loan servicing
Eliminates other master or special servicer
Offers seamless post-close activities
Aligns interests of all the players.
Borrower
- Wants affordable capital
- Provides at least 20% equity
Lender
- Has extensive multifamily underwriting and servicing experience
- Wants to finance creditworthy properties that will deliver good returns
- Shares 1/3 of credit risk2
Fannie Mae
- Provides capital to help lenders finance deals
- Guarantees loan
- Shares 2/3 of credit risk2
- Securitizes loans and sells MBS
Investor
- Wants to buy a high-quality, transparent security
- Provides liquidity
2 Based on most common risk-sharing structure
That’s why we call DUS The Loan We All Own®
It’s the premier financing platform in the multifamily market
Conventional Housing
Rent-restricted Housing
Cooperatives
Seniors Housing
Student Housing
Manufactured Housing Communities
DUS.The Loan We All Own™
Only the Fannie Mae DUS model provides liquidity in every market.
Conventional Products
Discover a variety of flexible financial solutions for Multifamily properties.
Marketing Center
Access and customize professionally designed materials to support your outreach needs.