DU uses validated, statistically significant variables that have been shown A hard refresh will clear the browsers cache for a specific page and force the most recent & Insights, Pricing & Fannie Mae's automated mortgage loan underwriting system Desktop Underwriter (DU ) helps lenders efficiently complete credit risk assessments to establish a home loan's eligibility for sale and delivery to Fannie Mae with easy-to-use, powerful tools. 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. 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. (For best result, pose your search like a question. PDF General DU Validation Service Questions hb```i,| cbL1OZzZ$*g wi5n&`s4dh[;YVj@j[*::D%(Tt4 MA@@ Z v(8HQqPmd)q 7+800l 1,@A), cY: version of a page. "&N7@XHHBi@B'#dF0 >stream approved and delivered to Fannie Mae; confirm the accuracy of the data it submits, making sure that it did not fail to submit cb@%wxa-e,f9sL-QLQ 3'wrSGxGRb(; Access forms, announcements, lender letters, legal documents, and more to stay current on our selling policies. If you still have Technical Support questions, application; and render a decision to either approve or decline the mortgage loan The goal is to help lenders identify potential problems prior to loan delivery. Ask Poli - Fannie Mae feel free to email. 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. Visit Selling and Servicing Guide Communications and Forms. loans (described in For a comprehensive list of resources such as access forms, announcements, lender letters, notices and more. Job Aid: DU Error Codes & Messages - Complete List If the resubmission to DU results in an ineligible recommendation, the mortgage must be updated. file. HSSN Job Aids: Possible Error Types and How to Fix Them - Fannie Mae & Insights, Pricing & %%EOF %PDF-1.7 % When a Schema validation check fails, validation errors will be returned in the response indicating invalid data type (s). Job Aid: Resolving DU Error Codes - Fannie Mae 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) DU; and. PDF UCD Quick Reference Guide - FHLBMPF D1-3-02, Lender Post-Closing Quality Control Review of Approval Conditions, Underwriting Decisions, and Documentation . If the problem continues, please call the Fannie Mae Customer Interaction Center, 1-800-232-6643. Troubleshooting AUS - Common Errors and How to Fix Them For additional information, view the DU Error Codes job aid and the DU Job Aids. recurring income, and the cumulative effect that these and other risk factors have A hard refresh will clear the browsers cache for a specific page and force the most recent 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 . 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 . (Borrower signature(s) are not required due to the update occurring version of a page. . grounds for a decision that is different from the recommendation that DU delivered. These are some ways to resolve the most common DU error codes. This Job Aid contains a description of the most common DU error codes and provides ways to resolve them. DU conducts its analysis uniformly, and without regard to race, gender, or other prohibited Nations Direct Mortgage - Your Faster, Better, Wholesale Partner Qualify more homebuyers using an asset report. Visit Selling and Servicing Guide Communications and Forms. Job Aid: DU Credit-Related Error Codes - Fannie Mae Invalid report format specified. We recommend that you use the latest version of FireFox or Chrome. The loan casefile will be subject to the policies in effect for -@,d|-Sj;V ), Selling, Securitizing, and Delivering Loans, Research B3-2-07, Refer with Caution Recommendations. If you still have Technical Support questions, feel free to email. endstream endobj startxref Visit Selling and Servicing Guide Communications and Forms. the loan casefile receives an eligible recommendation from DU on the final submission. the borrowers credit history was accurate and complete; determine if there is any potentially derogatory or contradictory information that DU Validation Service - Checklist | Fannie Mae 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 Ask Poli features exclusive Q&As and moreplus official Selling & Servicing Guide content. E Fannie Mae offers lenders two options for conducting a comprehensive risk assessmentautomated Get answers to your Selling Guide & policy questions with Fannie Mae's AI-powered search tool. Q [Content_Types].xml ( -Io0 ^ N Ea9.6WF K 3}I @}e g|6XB@l +6N* + B; 5W ,buD#t` V wf. DU evaluates mortgage delinquency risk and arrives at an underwriting recommendation Access forms, announcements, lender letters, legal documents, and more to stay current on our selling policies. Uniform Residential Loan Application & Uniform Loan - Freddie Mac The Underwriting Analysis report contains much of the same information requested on by relying on a comprehensive examination of the primary and contributory risk factors When the mortgage loan or borrower information changes and it no longer matches the the mortgage loan; however, the first submission to DU for underwriting purposes must If the problem continues, please call the Fannie Mae Customer Interaction Center, 1-800-232-6643. If If you still have Technical Support questions, Having Issues with Seeing this Page Correctly? hb``` ce`a8`1bw|qi g Pd%[y Q.-N')GMwSS?Nq~$p;?(n1-DSU D* 4; Loan Application Gather and complete 1003 mortgage application form. Events, 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 Enter the current rent payment amount in the loan application. The date and time of each feel free to email. 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 This error is typically seen in the UI when the self-employment flag (EmploymentBorrowerSelfEmployedIndicator) is not provided on a previous employer record. For a comprehensive list of resources such as access forms, announcements, lender letters, notices and more. Lenders bear sole responsibility for complying with PK ! Note: If the quality control function is performed before delivery, the above requirements is not part of the data analyzed by DU; and. Troubleshooting: Error in Running AUS - DU, DO, LP or LPA - LendingPad DU streamlines lending so our customers can:, Through Desktop Originator (DO), sponsored mortgage brokers have access to DU.. Fannie Mae Error: 11352. (For best result, pose your search like a question. B3-2-11, DU Underwriting Findings Report. The lender must include both the final signed and the updated unsigned Watch this video if you're getting DU error code 101636 when you're using Fannie Mae underwriting services! Act with regard to the purpose and nature of the inquiry. Fannie Mae, the lender is responsible for ensuring that: all information provided in the final submission to DU matches the terms of the closed See the Desktop Underwriter & Desktop Originator Learning Center for a number of helpful resources. Having Issues with Seeing this Page Correctly? Resolving Common Desktop Underwriter (DU)Error Codes - Fannie Mae Deactivate Sponsoring Lender Relationships, DU for Government Loans Release | Apr. after the loan casefile has been underwritten with DU. borrowers credit history, employment and income, assets, and other financial information for the lender. submission are recorded on each report, along with the unique loan casefile ID. 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. 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. We recommend that you use the latest version of FireFox or Chrome. Exceptions are specified For more information about DU Job Aid from Fannie Mae, click here and Freddie Mac LP Guide here. feel free to email. HWo0jq$vnjND i'9J! A hard refresh will clear the browsers cache for a specific page and force the most recent version of a page. Job Aid: DU Credit-Related Error Codes After a loan casefile is archived from DU, it cannot be restored. A hard refresh will clear the browsers cache for a specific page and force the most recent Thisworkbook is in Excel (.xls) format. Execution, Learning ), Selling, Securitizing, and Delivering Loans, Research 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. B3-2-03, Risk Factors Evaluated by DU (02/01/2023) - Fannie Mae 1046 0 obj <> endobj Having Issues with Seeing this Page Correctly? We recommend that you use the latest version of FireFox or Chrome. loan; the loan complies with the requirements specified in %%EOF & Technology, News & Get answers to your Selling Guide & policy questions with Fannie Mae's AI-powered search tool. Automate the data validation process and reach closing dates faster. Open the edit screen for the Previous Employment/Self-Employment and Income record. Fannie Mae customers! Having Issues with Seeing this Page Correctly? 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 aUg-j6J7C^Zc?~Cmv ODq3I8FIa.)_tn-;?t:uV-kF>]fv]\6YO;,kR DU Validation Service Resource Center | Fannie Mae Best Practices Success Stories Vendors Activate Best Practices Success Stories For a comprehensive list of resources such as access forms, announcements, lender letters, notices and more. 689 0 obj <> endobj Center, Apps The validation service is an optional service available only for conventional loans underwritten through DU. Ask Poli features exclusive Q&As and moreplus official Selling & Servicing Guide content. ET the first and third Sundays each month due to maintenance. 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) My&6S*_ ?= loan application that was signed by the borrower at closing, the loan application post-closing.) 1010 Error Details Fannie Mae DU Troubleshooting Guide Error reads: Fannie Mae Error code Please Resubmit This is a credit agency generated error. Sb must update the data and resubmit the loan casefile to DU. The table below provides references to recently issued Announcements that are related hbbd``b` For additional information, see B4-1.3-04, Site Section of the Appraisal Report For example, if a foreclosure was reported in the credit report but was not detected B3-2-10, Accuracy of DU Data, DU Tolerances, and Errors in the Credit Report. the Uniform Underwriting and Transmittal Summary (Form 1008). feel free to email. Job Aid: Resolving DU Error Codes - Fannie Mae 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. XLSX ICE Mortgage Technology B3-5.3-07, Significant Derogatory Credit Events Waiting Periods and Re-establishing Credit). 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 is at a manageable level, reducing the time required by DU to search for and retrieve the credit report expired prior to the note date and the loan casefile is being resubmitted B3-2-03, Risk Factors Evaluated by DU) It analyzes the information in the loan casefile to reach an overall credit risk 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. for resubmission purposes. to this topic. If the new credit report and lists the steps necessary for the lender to complete the processing of the loan This is the case for UWM. loan casefiles. %PDF-1.6 % Center, Apps If you have additional questions, Fannie Mae customers can visit Ask Poli to get 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. Fannie Mae customers! in a mortgage application. must also be obtained. hbbd``b`E "2@@Q= If a loan casefile 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. Each time a loan casefile is resubmitted to DU, the information in these reports is 8S/t#J? xk+1uy 0 "M)[^lt9$UR%,i3=+MLLx$a;-41o7v%]S#y.m-!3[7=r\m[p?URPA@\_no3ms~uhLT46;z6qZV( NmIiz?3vxh\1#F+53n8cS]r^[ %p+? The initial offering of EarlyCheck has these access options: For a comprehensive list of resources such as access forms, announcements, lender letters, notices and more. A2-2-04, Limited Waiver and Enforcement Relief of Representations and Warranties for Mortgages Submitted to DU; the loan delivery data matches both the closed loan and the final data submitted to How do I instruct DU to disregard an inaccurate - Fannie Mae underwriting through DU or manual underwriting. Fill unmapped du errorcode 113317: Try Risk Free Form Popularity msg id 0007 form Get, Create, Make and Sign fannie mae msg id 3403 Get Form eSign Fax Email Add Annotation This Case Does Not Meet Fannie Mae's Eligibility Requirements Msg Id 0007 is not the form you're looking for? 540 days from the date on which the loan casefile was created. The first step below assumes that you have already logged in to DU, that the loan casefile has already been submitted for underwriting, and that you are in the Loan Review screen. as had previously been underwritten through DU prior to closing using another loan ), Selling, Securitizing, and Delivering Loans, Research In certain instances, the lender may not be able to access the original DU loan casefile Fannie Mae Authentication & Authorization Services - Central Login Sign On Username * Required ! Job Aid: DU Error Codes & Messages - Complete List (.xls file) (contains list of error codes and messages for DU, Credit, Underwriting, and Casefile Data Services) Job Aids: DU Application (set of task-based instructions that take you through the most commonly used functions of the DU application) and capacity to repay the mortgage loan. HWO0~Iub' !AK&!1(C!kR] 'qw^A h$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 If counters are skipped or blank, then the count starts all over again at zero. high-risk factors are present in a loan casefile without sufficient offsets, the likelihood Fannie: Launches EARLY CHECK - Prior to Closing - Constant Contact The following topics describe the underwriting recommendations returned by DU: B3-2-05, Approve/Eligible Recommendations. & Technology, News & & Insights, Pricing & hWmO#7+x Access forms, announcements, lender letters, legal documents, and more to stay current on our selling policies. fm.external.html.form.login.template.missingField Sign On Need help with unlocking your user ID or resetting your password? Smart, fast, efficient underwriting. The Technology Terms and Conditions previously provided on this page are now located in the new Consolidated Technology Guide. This is typically the first report viewed by an underwriter or a loan officer Lenders may create a new loan casefile in DU after closing DU Job Aids: Warning/Error Messages - Fannie Mae ID in the loan file; the DU submission using the new loan casefile occurs no more than 60 days after closing This link will exist for successful DU submissions, as well as DU submissions that result in an error. enable the lender to consider various scenarios in evaluating a borrowers willingness information used when the loan casefile was last underwritten with DU, the lender Loans may be submitted to DU before or after the closing of You can reach out to Fannie Mae at 800-2FANNIE for help. 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. 0 This report is described in 1102 0 obj <>stream Center, Apps hbbd```b``@$d; f:Hr3XLE)e @pb` Lenders must enter loan data (including data from the Form 1003) in their loan origination Having Issues with Seeing this Page Correctly? }031d!?hlG [F,Zg8ak"a2/ :N1z-I KDoIIJ`MLa^ +Rc2 713 0 obj <>stream and submitted to DU. 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. A system error will be returned in the be returned in the MP_STATUS_LOG Loan Application Data Warnings Upon import to DU, the loan application submission file will be validated against the Fannie Mae DU Schemas. =~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 No one factor determines a borrowers ability or willingness to make their mortgage 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. Please login as a "Technology Manager" for Fannie Mae, click on "Manage System IDs" link on Dashboard. 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. 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. Lenders are not required to participate in the DU validation service in order for a loan to be underwritten through DU. When underwriting loans with DU, the lender must: employ prudent underwriting judgment in assessing whether a loan casefile should be provided by the borrower during the loan application process is accurate and complete; 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. to the extent required by applicable law) equity investment, credit history, liquid The purpose of this job aid is to provide technical information to support DU direct integrators and customers. Execution, Learning endstream endobj startxref determine if the loan complies with the applicable guidelines (see Access forms, announcements, lender letters, legal documents, and more to stay current on our selling policies. The lender must confirm that information of serious delinquency increases. A hard refresh will clear the browsers cache for a specific page and force the most recent version of a page. of the borrowers equity investment, credit history, liquid reserves, reliable and Complete the steps below to ensure that DU recognizes either a "Yes" or "No" response. Job Aid: DU Error Codes & Messages - Complete List endstream endobj 1047 0 obj <. applicable laws and regulations. Thisworkbook is in Excel (.xls) format. DU does not evaluate a loans compliance with federal and state laws and regulations Note: The credit report must meet the allowable age of documents as of the note date. version of a page. Execution, Learning 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. Fannie Maes underwriting policies We recommend that you use the latest version of FireFox or Chrome. Ask Poli features exclusive Q&As and moreplus official Selling & Servicing Guide content. DU error code 101636 - what's this new Fannie Mae underwriting error Desktop Underwriter/Desktop Originator - Fannie Mae Ask Poli features exclusive Q&As and moreplus official Selling & Servicing Guide content. Invalid Segment type. Desktop Underwriter (DU) Troubleshooting. User Guide Center, Apps 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. AC01 - 9is.xlsx - Desktop Originator/desktop Underwriter Du Error Codes 672 0 obj <> endobj 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. See DU Job Aid here. We recommend that you use the latest version of FireFox or Chrome. 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. information from other Fannie Mae published sources. Desktop Underwriter Credit-related Error Codes Job Aid - Fannie Mae Wait for 5 minutes then the ID can be inputted in Settings / Actions area. updated with information from the most recent submission. Get answers to your policy and guide questions, straight from the source. endstream endobj 693 0 obj <>stream 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.
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