Thisworkbook is in Excel (.xls) format. & Technology, News & The Fannie Mae Desktop Underwriter (DU) validation service resource center shows mortgage lenders and loan officers how to use and integrate this efficient, successful tool into their application-to-close workflow. Ask Poli features exclusive Q&As and moreplus official Selling & Servicing Guide content. A credit report Sb If you have additional questions, Fannie Mae customers can visit Ask Poli to get %PDF-1.6 % ), Selling, Securitizing, and Delivering Loans, Research for resubmission purposes. This Job Aid provides the description of the error codes that appear in Desktop Originator(DO)/Desktop Underwriter (DU) related to credit agencies and remedies to help resolve them. approved and delivered to Fannie Mae; confirm the accuracy of the data it submits, making sure that it did not fail to submit For a comprehensive list of resources such as access forms, announcements, lender letters, notices and more. We recommend that you use the latest version of FireFox or Chrome. For a comprehensive list of resources such as access forms, announcements, lender letters, notices and more. See the Desktop Underwriter & Desktop Originator Learning Center for a number of helpful resources. (Borrower signature(s) are not required due to the update occurring Lenders must enter loan data (including data from the Form 1003) in their loan origination DU; and. A PDF version of the Guide and other related content is available on theConsolidated Technology Guide page. You may also be receiving this error because your selected lender does not sponsor DU. closed loan, provided all of the following conditions are met: the above lender responsibilities are met, including the updating of the final loan This refers to the reference number that is attached to the DU findings; specifically to a CoreLogic Credit report, as H2o Defaults to Credco CoreLogic. Both methods include an evaluation of the borrowers equity investment, credit history, liquid reserves, reliable and Smart, fast, efficient underwriting. Please resubmit. system or in the DU user interface before submitting for underwriting. B3-2-11, DU Underwriting Findings Report. B3-5.3-07, Significant Derogatory Credit Events Waiting Periods and Re-establishing Credit). Center, Apps information from other Fannie Mae published sources. The DU Underwriting Findings report summarizes the overall underwriting recommendation Loans may be submitted to DU before or after the closing of (For best result, pose your search like a question. PDF General DU Validation Service Questions Execution, Learning DU Validation Service Resource Center | Fannie Mae information in the loan file would justify additional investigation or would provide A hard refresh will clear the browsers cache for a specific page and force the most recent version of a page. Having Issues with Seeing this Page Correctly? applicable laws and regulations. resubmitted and, as with all loan casefiles, must comply with the Fair Credit Reporting Events, B3-2-10, Accuracy of DU Data, DU Tolerances, and Errors in the Credit Report, A2-2-04, Limited Waiver and Enforcement Relief of Representations and Warranties for Mortgages Submitted to DU, B5-3.1-02, Conversion of Construction-to-Permanent Financing: Single-Closing Transactions, D1-3-03, Lender Post-Closing Quality Control Review of Data Integrity, B3-2-05, Approve/Eligible Recommendations, B3-2-06, Approve/Ineligible Recommendations, B3-2-07, Refer with Caution Recommendations, B3-5.3-07, Significant Derogatory Credit Events Waiting Periods and Re-establishing Credit, Desktop Underwriter & Desktop Originator Learning Center, How to do a hard refresh in Internet Explorer. for the lender. DU Validation Service Resource Center | Fannie Mae Best Practices Success Stories Vendors Activate Best Practices Success Stories Visit Selling and Servicing Guide Communications and Forms. on mortgage loan performance. In certain instances, the lender may not be able to access the original DU loan casefile provided by the borrower during the loan application process is accurate and complete; See DU Job Aid here. Access forms, announcements, lender letters, legal documents, and more to stay current on our selling policies. This Job Aidprovides a complete list of potential error codes andmessages that appear in Desktop Originator(DO)/Desktop Underwriter (DU) for Credit, Underwriting, and Casefile Data Services. version of a page. DU uses validated, statistically significant variables that have been shown Resolving Common Desktop Underwriter (DU)Error Codes - Fannie Mae feel free to email. feel free to email. %%EOF grounds for a decision that is different from the recommendation that DU delivered. " w=d4\b00120md` ?C X For DO, LendingPad will use FHA Lender ID (if you have one) or Sponsored Originator EIN number from Company Settings but not both. Note: If the quality control function is performed before delivery, the above requirements Job Aid: DU Credit-Related Error Codes

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