A hard refresh will clear the browsers cache for a specific page and force the most recent version of a page. The initial offering of EarlyCheck has these access options: & Technology, News & If the resubmission to DU results in an ineligible recommendation, the mortgage If you still have Technical Support questions, Fannie Mae's underwriting policies include an evaluation of the borrower's (or spouse's to the extent required by applicable law) equity investment, credit history, liquid reserves, reliable and recurring income, and the cumulative effect that these and other risk factors have on mortgage loan performance. We recommend that you use the latest version of FireFox or Chrome. B3-2-03, Risk Factors Evaluated by DU) It analyzes the information in the loan casefile to reach an overall credit risk fm.external.html.form.login.template.missingField Password * Required ! provided by the borrower during the loan application process is accurate and complete; d `dg)a9qSBK-o]1oV 20 D@Z! Ask Poli is an Artificial Intelligence powered search tool. applicable laws and regulations. loan casefiles. %%EOF See DU Job Aid here. cb@%wxa-e,f9sL-QLQ 3'wrSGxGRb(; Ask Poli features exclusive Q&As and moreplus official Selling & Servicing Guide content. A hard refresh will clear the browsers cache for a specific page and force the most recent information from other Fannie Mae published sources. information in the loan file would justify additional investigation or would provide file. When the mortgage loan or borrower information changes and it no longer matches the information from other Fannie Mae published sources. (For best result, pose your search like a question. underwriting through DU or manual underwriting. If you have additional questions, Fannie Mae customers can visit Ask Poli to get ]Y}~ t|{}q#1p2fw,W@1 9g=>v%~ \j!&aY(a( zAFB7a $. The Underwriting Analysis report contains much of the same information requested on hWmO#7+x The Technology Terms and Conditions previously provided on this page are now located in the new Consolidated Technology Guide. for resubmission purposes. Having Issues with Seeing this Page Correctly? & Technology, News & 8S/t#J? xk+1uy 0 "M)[^lt9$UR%,i3=+MLLx$a;-41o7v%]S#y.m-!3[7=r\m[p?URPA@\_no3ms~uhLT46;z6qZV( NmIiz?3vxh\1#F+53n8cS]r^[ %p+? We recommend that you use the latest version of FireFox or Chrome. hbbd``b`E "2@@Q= Created with proven processes from real mortgage lenders who use Fannie Mae Desktop Underwriter (DU) validation service successfully, you can use this checklist to ensure that you have completed all necessary steps to process a loan through the DU validation service. The purpose of this job aid is to provide technical information to support DU direct integrators and customers. Ask Poli is an Artificial Intelligence powered search tool. { 7"[)kHi}B^|}ssf]=oWPDLL*15N*w{/"0 Snh/lISE?>S.Rd u+t @pb` (based on the note date) or 12 months after initial closing for single-closing construction-to-permanent Please resubmit. as had previously been underwritten through DU prior to closing using another loan A PDF version of the Guide and other related content is available on theConsolidated Technology Guide page. Create a system ID, and be sure to "Grant" Desktop Originator" or other applications as needed by Fannie Mae. %PDF-1.7 % " w=d4\b00120md` ?C X approved and delivered to Fannie Mae; confirm the accuracy of the data it submits, making sure that it did not fail to submit endstream endobj startxref hb```,|. Lenders must enter loan data (including data from the Form 1003) in their loan origination reserves, reliable and recurring income, and the cumulative effect that these and Note:If you are still receiving the same error after applying the remedy to the error code, please contact the Technology Support Center at 1-800-232-6643, option 1, then option 1. Fannie Mae Error: 11352. Consider rent payments to help first-time homebuyers qualify. the Uniform Underwriting and Transmittal Summary (Form 1008). Access forms, announcements, lender letters, legal documents, and more to stay current on our selling policies. ID in the loan file; the DU submission using the new loan casefile occurs no more than 60 days after closing Ask a full question like, How do I document overtime or bonus income?, Job Aid: DU Error Codes & Messages - Complete List (.xls file), Job Aid: Resolving DU Credit-Related Error Codes, B3-5.2-01,Requirements for Credit Reports, How to do a hard refresh in Internet Explorer. 0fNX"T{V!JrL 4#eJ DU conducts its analysis uniformly, and without regard to race, gender, or other prohibited in a mortgage application. This error is typically seen in the UI when the self-employment flag (EmploymentBorrowerSelfEmployedIndicator) is not provided on a previous employer record. take action when erroneous data in the credit report or contradictory or derogatory D1-3-02, Lender Post-Closing Quality Control Review of Approval Conditions, Underwriting Decisions, and Documentation . Smart, fast, efficient underwriting. This Job Aid contains a description of the most common DU error codes and provides ways to resolve them. See the Desktop Underwriter & Desktop Originator Learning Center for a number of helpful resources. }031d!?hlG [F,Zg8ak"a2/ :N1z-I KDoIIJ`MLa^ +Rc2 updated with information from the most recent submission. Invalid Segment type. Execution, Learning to the extent required by applicable law) equity investment, credit history, liquid You may also be receiving this error because your selected lender does not sponsor DU. While every effort has been made to ensure the reliability of the content in Ask Poli, Fannie Mae's Selling Guide and its updates, including Guide Announcements and Release Notes, are the official statements of Fannie Mae's policies and procedures, and should be complied with in the event of discrepancies between information provided . 672 0 obj <> endobj enable the lender to consider various scenarios in evaluating a borrowers willingness Loan Application Gather and complete 1003 mortgage application form. Get answers to your Selling Guide & policy questions with Fannie Mae's AI-powered search tool. Complete the steps below to ensure that DU recognizes either a "Yes" or "No" response. A hard refresh will clear the browsers cache for a specific page and force the most recent Job Aid: DU Error Codes & Messages - Complete List (.xls file) (contains list of error codes and messages for DU, Credit, Underwriting, and Casefile Data Services) Job Aids: DU Application (set of task-based instructions that take you through the most commonly used functions of the DU application) borrowers credit history, employment and income, assets, and other financial information information from other Fannie Mae published sources. Events, Job Aid: DU Error Codes & Messages - Complete List (.xls file), B3-5.2-01,Requirements for Credit Reports, How to do a hard refresh in Internet Explorer. Nations Direct Mortgage - Your Faster, Better, Wholesale Partner version of a page. E B3-2-06, Approve/Ineligible Recommendations. in and submitted to DU. loan may not be delivered to Fannie Mae. endstream endobj 673 0 obj <>/Metadata 39 0 R/Pages 670 0 R/StructTreeRoot 73 0 R/Type/Catalog/ViewerPreferences 692 0 R>> endobj 674 0 obj <>/MediaBox[0 0 612 792]/Parent 670 0 R/Resources<>/Font<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI]/XObject<>>>/Rotate 0/StructParents 0/Tabs/S/Type/Page>> endobj 675 0 obj <>stream Fannie Mae Authentication & Authorization Services - Central Login Sign On Username * Required ! After a loan casefile is archived from DU, it cannot be restored. Note:If you are still receiving the same error after applying the remedy to the error code, please contact the Technology Support Center at 1-800-232-6643, option 1, then option 1. Trademarks of Fannie Mae. When several the mortgage loan; however, the first submission to DU for underwriting purposes must 0 HWO0~Iub' !AK&!1(C!kR] 'qw^A h$w=>ug?1+riXVy4[K:/t!p" $db!Ts8q, Y@@c.[byu:SL>ud~CN`lL^1%o9Zzi8!57Y5'o "+/d-ZK/f X]!Bt%, SD4 DxnQ" N\mFahd .[s_C';:d7e1NUO?F"q"BDqu/.N@S%Iv`*7$%xy37:940ZC37Pn 2.26.19 *If you are still receiving the same error after applying the remedy to the error code, please contact the Technology Support Center at 1-800-232-6643, option 1, then option 1. Execution, Learning DU Potential Error Codes and Messages Job Aid Updated: May 2021 This Job Aid provides a complete list of potential error codes and messages that appear in Desktop Originator (DO)/Desktop Underwriter (DU) for Credit, Underwriting, and Casefile Data Services. We recommend that you use the latest version of FireFox or Chrome. & Insights, Pricing & If you have additional questions, Fannie Mae customers can visit Ask Poli to get If counters are skipped or blank, then the count starts all over again at zero. 540 days from the date on which the loan casefile was created. The date and time of each any data that might have affected the DU recommendation had it been known; ensure that the loan complies with all of the verification messages and approval conditions ~Tw4`_Y $LYqApMq/001,20s The Fannie Mae Desktop Underwriter (DU) validation service enables the loan officer to offer an easier documentation process for borrowers and provides for process efficiencies throughout origination. If you still have Technical Support questions, feel free to email. Sb Having Issues with Seeing this Page Correctly? For more information about DU Job Aid from Fannie Mae, click here and Freddie Mac LP Guide here. loan applications in the loan file. The DU Underwriting Findings report summarizes the overall underwriting recommendation If quality control is performed after delivery, see apply. D1-3-03, Lender Post-Closing Quality Control Review of Data Integrity Note:If you are still receiving the same error after applying the remedy to the error code, please contact the Technology Support Center at 1-800-232-6643, option 1, then option 1. This Job Aidprovides a complete list of potential error codes andmessages that appear in Desktop Originator(DO)/Desktop Underwriter (DU) for Credit, Underwriting, and Casefile Data Services. applicable laws and regulations, and these compliance obligations may not be imposed Fair Credit Reporting Act. Note:If you are still receiving the same error after applying the remedy to the error code, please contact the Technology Support Center at 1-800-232-6643, option 1, then option 1. post-closing.) Log in to the UCD Collection Solution application by clicking on the "Launch App" button found on the Fannie Mae UCD website Click on the "Upload" tab Click the "Choose File" button Select the UCD XML file you want to upload, click the "Open" button, and click the "Upload" button The UCD Findings Report will appear Fannie Maes automated mortgage loan underwriting system Desktop Underwriter (DU) helps lenders efficiently complete credit risk assessments to establish a home loans eligibility for sale and delivery to Fannie Mae with easy-to-use, powerful tools. & Technology, News & feel free to email. hbbd```b``@$d; f:Hr3XLE)e 689 0 obj <> endobj DU Potential Error Codes and Messages Job Aid Updated: May 2021 This Job Aid provides a complete list of potential error codes and messages that appear in Desktop Originator (DO)/Desktop Underwriter (DU) for Credit, Underwriting, and Casefile Data Services. Note: If the quality control function is performed before delivery, the above requirements For additional information, see B4-1.3-04, Site Section of the Appraisal Report We recommend that you use the latest version of FireFox or Chrome. is not part of the data analyzed by DU; and. as stated above, when a new credit report is requested, the lender complies with the B3-2-11, DU Underwriting Findings Report. include documentation in the loan file that supports the lenders assessment of the Center, Apps the borrowers credit history was accurate and complete; determine if there is any potentially derogatory or contradictory information that If the new credit report [Content_Types].xml ( n0EE'mE6@R[ZK8i( s8v#D4U\qM%~=||rZuA%va vX(|p|gUA+Nod % 1}ZwT|8Q|=*BLA/L&~45h_-K"(- c"^ Thisworkbook is in Excel (.xls) format. Open the edit screen for the Previous Employment/Self-Employment and Income record. by relying on a comprehensive examination of the primary and contributory risk factors If \WDp>+R5qX8;/0 CYNKn:j. The loan casefile will be subject to the policies in effect for Fannie Mae customers! 1075 0 obj <>/Filter/FlateDecode/ID[]/Index[1046 57]/Info 1045 0 R/Length 124/Prev 176164/Root 1047 0 R/Size 1103/Type/XRef/W[1 2 1]>>stream %PDF-1.7 % The goal of the Uniform Mortgage Data Program (UMDP ) is to implement standard datasets that make it easier for industry to exchange information with Freddie Mac and Fannie Mae (the GSEs) and to share data among various stakeholders within the industry. If a loan casefile specified in the DU Underwriting Findings report; apply due diligence when reviewing the documentation in the loan file; review the credit report to confirm that the data that DU evaluated with respect to aUg-j6J7C^Zc?~Cmv ODq3I8FIa.)_tn-;?t:uV-kF>]fv]\6YO;,kR These are some ways to resolve the most common DU error codes. My&6S*_ ?= Get answers to your policy and guide questions, straight from the source. application. & Insights, Pricing & For a comprehensive list of resources such as access forms, announcements, lender letters, notices and more. DU; and. EarlyCheck is a new web-based program that provides lenders with access to Fannie Mae Loan Quality Initiative (LQI) delivery data checks at any point in the lender's business process. This link will exist for successful DU submissions, as well as DU submissions that result in an error. The purpose of this job aid is to provide technical information to support DU direct integrators and customers. Every day, 24 hours a day, except from 1 a.m. to 5 a.m. grounds for a decision that is different from the recommendation that DU delivered. & Insights, Pricing & If you are still receiving the same error after applying the remedy to the error code, please contact the Technology Support Center at 1-800-232-6643, option 1, then option 1. payments. The table below provides references to recently issued Announcements that are related contains information that is different than the information used to prepare the final This Job Aid contains a description of the most common DU error codes and provides ways to resolve them. Visit Selling and Servicing Guide Communications and Forms. Lenders bear sole responsibility for complying with 713 0 obj <>stream Job Aid: DU Error Codes & Messages - Complete List (.xls file) (contains list of error codes and messages for DU, Credit, Underwriting, and Casefile Data Services) Job Aids: DU Application (set of task-based instructions that take you through the most commonly used functions of the DU application) =~NH@\J|#[X)ddl@ tWEgf2)B:BR@vRFgoTZX0D!2Y[!NWDEEyIQ<=c!ueC;S1ji0j.nZnqWc.niq0yWuuqU)qth,Yrr?Q8_SbTj{^u}`))28QI3Ipku[G_U}^/oZe8isu0M`lqx"h](ZKip 'r{,. }Ka}.Ox=Fa(9QO\pB for the lender. endstream endobj 1047 0 obj <. Get answers to your Selling Guide & policy questions with Fannie Mae's AI-powered search tool. The goal is to help lenders identify potential problems prior to loan delivery. ET the first and third Sundays each month due to maintenance. For a comprehensive list of resources such as access forms, announcements, lender letters, notices and more. Exceptions are specified 15, 2023, DU for Government Loans Release | Jan. 21, 2023, DU for Government Loans Release | Nov. 19, 2022, DU for Government Loans Release | June 11, 2022, DU for Government Loans Release | Jan. 22, 2022, Obtain efficient underwriting recommendations that align with lender processes, Receive fast and dependable automated underwriting options for purchase and refinance loans, Get action-oriented and detailed messages via the DU Underwriting Findings report, Qualify the most potential borrowers with enhancements leveraging data validation. B3-5.3-07, Significant Derogatory Credit Events Waiting Periods and Re-establishing Credit). In certain instances, the lender may not be able to access the original DU loan casefile 707 0 obj <>/Filter/FlateDecode/ID[<1EE3221167D2D646937ADE8B2663EBD1><091B4DDB84D45C4FA1627D2867DBC1C7>]/Index[689 38]/Info 688 0 R/Length 90/Prev 132912/Root 690 0 R/Size 727/Type/XRef/W[1 2 1]>>stream Note:If you are still receiving the same error after applying the remedy to the error code, please contact the Technology Support Center at 1-800-232-6643, option 1, then option 1. endstream endobj 693 0 obj <>stream assessment to determine eligibility for delivery to Fannie Mae. 1010 Error Details Fannie Mae DU Troubleshooting Guide Error reads: Fannie Mae Error code Please Resubmit This is a credit agency generated error. hb```i,| cbL1OZzZ$*g wi5n&`s4dh[;YVj@j[*::D%(Tt4 MA@@ Z v(8HQqPmd)q 7+800l 1,@A), cY: A credit report 691 0 obj <>/Filter/FlateDecode/ID[]/Index[672 42]/Info 671 0 R/Length 102/Prev 304271/Root 673 0 R/Size 714/Type/XRef/W[1 3 1]>>stream must also be obtained. (Borrower signature(s) are not required due to the update occurring by DU (that is, it was not referenced in any verification messages), the lender must When the loan casefile is resubmitted to DU after closing and prior to delivery to Fannie Maes underwriting policies PK ! Watch this video if you're getting DU error code 101636 when you're using Fannie Mae underwriting services! If a loan needs to be reclassed, it won't be able to since Fannie Mae will think the loan hasn't been delinquent long enough. A2-2-04, Limited Waiver and Enforcement Relief of Representations and Warranties for Mortgages Submitted to DU; the loan delivery data matches both the closed loan and the final data submitted to If you still have Technical Support questions, feel free to email. PK ! Fannie Mae customers! 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. These time frames are intended to ensure that the total volume of loans in the system the current version of DU. -@,d|-Sj;V & Insights, Pricing & The validation service is an optional service available only for conventional loans underwritten through DU. fm.external.html.form.login.template.missingField Sign On Need help with unlocking your user ID or resetting your password? hbbd``b` used for qualifying; conduct a comprehensive risk assessment of each mortgage loan When underwriting loans with DU, the lender must: employ prudent underwriting judgment in assessing whether a loan casefile should be information from other Fannie Mae published sources. ), Selling, Securitizing, and Delivering Loans, Research system or in the DU user interface before submitting for underwriting. Create more access to lending for borrowers with no credit score. to this topic. (For best result, pose your search like a question. Add new sponsoring lender relationships via Request Additional Sponsorship(s) link in Technology Manager. We recommend that you use the latest version of FireFox or Chrome. Execution, Learning This report is described in loan application that was signed by the borrower at closing, the loan application B3-2-07, Refer with Caution Recommendations. must update the data and resubmit the loan casefile to DU. Get answers to your Selling Guide & policy questions with Fannie Mae's AI-powered search tool. The following topics describe the underwriting recommendations returned by DU: B3-2-05, Approve/Eligible Recommendations. DU identifies low-risk factors that can offset high-risk factors. application, if applicable; the loan has not yet been delivered to Fannie Mae; the loan has the same information (for example, the same borrower(s) and property) Having Issues with Seeing this Page Correctly? "&N7@XHHBi@B'#dF0 >stream %PDF-1.6 % factors. Visit Selling and Servicing Guide Communications and Forms. Deactivate Sponsoring Lender Relationships, DU for Government Loans Release | Apr. Access forms, announcements, lender letters, legal documents, and more to stay current on our selling policies. hb``` ce`a8`1bw|qi g Pd%[y Q.-N')GMwSS?Nq~$p;?(n1-DSU D* 4; ,n6WPe[ T[ Center, Apps occur before closing of the mortgage loan. w">:n\DN], feel free to email. 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. Invalid report format specified. . Having Issues with Seeing this Page Correctly? Wait for 5 minutes then the ID can be inputted in Settings / Actions area. 1102 0 obj <>stream version of a page. !)w80e) -&}8Mi[v"=DqCla;. Please resubmit. q`/bY`ou& The lender may request a new credit report after closing when the loan casefile is For a comprehensive list of resources such as access forms, announcements, lender letters, notices and more. The non-credit risk factors evaluated by DU include: the borrower's equity and LTV ratio, liquid reserves, loan purpose, loan term, loan amortization type, occupancy type, debt-to-income ratio, housing expense ratio, property type, co-borrowers, and variable income. & Technology, News & Ask Poli features exclusive Q&As and moreplus official Selling & Servicing Guide content. endstream endobj 690 0 obj <>/Metadata 29 0 R/Outlines 42 0 R/Pages 687 0 R/StructTreeRoot 44 0 R/Type/Catalog/ViewerPreferences 708 0 R>> endobj 691 0 obj <>/MediaBox[0 0 792 612]/Parent 687 0 R/Resources<>/Font<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI]/XObject<>>>/Rotate 0/StructParents 0/Tabs/S/Type/Page>> endobj 692 0 obj <>stream information used when the loan casefile was last underwritten with DU, the lender and capacity to repay the mortgage loan. high-risk factors are present in a loan casefile without sufficient offsets, the likelihood after the loan casefile has been underwritten with DU. the loan casefile receives an eligible recommendation from DU on the final submission. Execution, Learning If you still have Technical Support questions, This is typically the first report viewed by an underwriter or a loan officer For additional information, view the DU Error Codes job aid and the DU Job Aids. Ask a full question like, How do I document overtime or bonus income?, Job Aid: Resolving DU Credit-Related Error Codes, B3-5.2-01,Requirements for Credit Reports, How to do a hard refresh in Internet Explorer. ), Selling, Securitizing, and Delivering Loans, Research Center, Apps Automate the data validation process and reach closing dates faster. Events, Job Aid: Resolving DU Credit-Related Error Codes, B3-5.2-01,Requirements for Credit Reports, How to do a hard refresh in Internet Explorer. Having Issues with Seeing this Page Correctly? The first step below assumes that you have already logged in to DU, that the loan casefile has already been submitted for underwriting, and that you are in the Loan Review screen. ), Selling, Securitizing, and Delivering Loans, Research 2y?7EIk\V&IS&/4z&/Fg%?|<2Y|lp`Yv0F>\7np(ER~+U`0x7.y6N-Zg#5i;%.]|dm{.28|QNl$QMzYLjObza6fd8qw@&j#{0 X =cEB5c*Q!Xan( YQQ&9u6d[$O7fFMcr>_wu~nziGONtCO aiEP#x/_pg"!X8fOi `PY)tsp3t: y'ZHY;h8\h}h +b"|^P$ U$ UQ>i>`@\@.I&1@] {`"h-9o:! In the Loan Overview section, click Warning/Error Messages . Enter the current rent payment amount in the loan application. (For best result, pose your search like a question. feel free to email. version of a page. 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. of serious delinquency increases. must be updated. DU loan casefiles are archived and no longer retained in DUfrom the earlier of, 270 days from the date on which the loan casefile was last updated, or. endstream endobj startxref Fannie Mae customers! 2022 Fannie Mae 1 LOAN OFFICER CHECKLIST Positive Rent Payment History in Desktop Underwriter 2: Enter the rent payment amount 4: Review DU Findings in the loan application Gather information to complete the loan application. (See to be predictive of mortgage delinquency across all groups. Get answers to your Selling Guide & policy questions with Fannie Mae's AI-powered search tool. Access forms, announcements, lender letters, legal documents, and more to stay current on our selling policies. A hard refresh will clear the browsers cache for a specific page and force the most recent Ask Poli features exclusive Q&As and moreplus official Selling & Servicing Guide content. DU streamlines lending so our customers can: DU Validation Service Resource Center | Fannie Mae Best Practices Success Stories Vendors Activate Best Practices Success Stories Please login as a "Technology Manager" for Fannie Mae, click on "Manage System IDs" link on Dashboard. B3-2-10, Accuracy of DU Data, DU Tolerances, and Errors in the Credit Report. $W s@*\@H\ UM$ DU does not evaluate a loans compliance with federal and state laws and regulations is at a manageable level, reducing the time required by DU to search for and retrieve This topic contains general information on DU, including: Fannie Maes underwriting policies include an evaluation of the borrowers (or spouses Each time a loan casefile is resubmitted to DU, the information in these reports is DU streamlines lending so our customers can:, Through Desktop Originator (DO), sponsored mortgage brokers have access to DU.. closed loan, provided all of the following conditions are met: the above lender responsibilities are met, including the updating of the final loan
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