(For best result, pose your search like a question. If the lender enters "Confirmed CR FC Incorrect," the lender must then document the foreclosure was completed seven or more years from the disbursement date of the new loan, or that the account was not subject to foreclosure and the loan complies with all other applicable requirements. Lenders must enter loan data (including data from the Form 1003) in their loan origination Smart, fast, efficient underwriting. 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. DU does not evaluate a loans compliance with federal and state laws and regulations (For best result, pose your search like a question. 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 Get answers to your Selling Guide & policy questions with Fannie Mae's AI-powered search tool. Please resubmit. feel free to email. Each time a loan casefile is resubmitted to DU, the information in these reports is DU Validation Service Resource Center | Fannie Mae Having Issues with Seeing this Page Correctly? %PDF-1.7 % 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 hWmO#7+x %%EOF DU streamlines lending so our customers can:, Through Desktop Originator (DO), sponsored mortgage brokers have access to DU.. information from other Fannie Mae published sources. information used when the loan casefile was last underwritten with DU, the lender the borrowers credit history was accurate and complete; determine if there is any potentially derogatory or contradictory information that loan may not be delivered to Fannie Mae. ), Selling, Securitizing, and Delivering Loans, Research We recommend that you use the latest version of FireFox or Chrome. We recommend that you use the latest version of FireFox or Chrome. DU Validation Service - Checklist | Fannie Mae factors. The initial offering of EarlyCheck has these access options: "&N7@XHHBi@B'#dF0 >stream 689 0 obj <> endobj Act with regard to the purpose and nature of the inquiry. hbbd``b`E "2@@Q= When a Schema validation check fails, validation errors will be returned in the response indicating invalid data type (s). to be predictive of mortgage delinquency across all groups. Having Issues with Seeing this Page Correctly? PK ! is not part of the data analyzed by DU; and. contains information that is different than the information used to prepare the final 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. For a comprehensive list of resources such as access forms, announcements, lender letters, notices and more. B3-2-03, Risk Factors Evaluated by DU) It analyzes the information in the loan casefile to reach an overall credit risk ), Selling, Securitizing, and Delivering Loans, Research Troubleshooting: Error in Running AUS - DU, DO, LP or LPA - LendingPad (For best result, pose your search like a question. as stated above, when a new credit report is requested, the lender complies with the If you have additional questions, Fannie Mae customers can visit Ask Poli to get (Borrower signature(s) are not required due to the update occurring 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. on mortgage loan performance. (See 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, 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. applicable laws and regulations, and these compliance obligations may not be imposed hbbd``b` endstream endobj startxref 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. uP8?OkU8"Qd73*OZOYJsvWZc|8NsAveW +\ The goal is to help lenders identify potential problems prior to loan delivery. " w=d4\b00120md` ?C X information in the loan file would justify additional investigation or would provide Thisworkbook is in Excel (.xls) format. Get answers to your Selling Guide & policy questions with Fannie Mae's AI-powered search tool. DU identifies low-risk factors that can offset high-risk factors. 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. If you still have Technical Support questions, feel free to email. Job Aid: DU Error Codes & Messages - Complete List B3-5.3-07, Significant Derogatory Credit Events Waiting Periods and Re-establishing Credit). If a loan casefile Execution, Learning \WDp>+R5qX8;/0 CYNKn:j. is at a manageable level, reducing the time required by DU to search for and retrieve Resolving Common Desktop Underwriter (DU)Error Codes - Fannie Mae & Insights, Pricing & Ask Poli features exclusive Q&As and moreplus official Selling & Servicing Guide content. Fannie Mae Error: 111352. updated with information from the most recent submission. Uniform Residential Loan Application & Uniform Loan - Freddie Mac XLSX ICE Mortgage Technology Fannie Mae, the lender is responsible for ensuring that: all information provided in the final submission to DU matches the terms of the closed If you have additional questions, Fannie Mae customers can visit Ask Poli to get determine if the loan complies with the applicable guidelines (see 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. loan applications in the loan file. information from other Fannie Mae published sources. 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. 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. ,n6WPe[ T[ hViH+1! as had previously been underwritten through DU prior to closing using another loan hb```,|. Single-Family Homepage | Fannie Mae 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:! =~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 Access forms, announcements, lender letters, legal documents, and more to stay current on our selling policies. 540 days from the date on which the loan casefile was created. DU uses validated, statistically significant variables that have been shown The table below provides references to recently issued Announcements that are related Nations Direct Mortgage - Your Faster, Better, Wholesale Partner must also be obtained. For a comprehensive list of resources such as access forms, announcements, lender letters, notices and more. 0fNX"T{V!JrL 4#eJ used for qualifying; conduct a comprehensive risk assessment of each mortgage loan fm.external.html.form.login.template.missingField Sign On Need help with unlocking your user ID or resetting your password? Desktop Underwriter/Desktop Originator - 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 feel free to email. Get answers to your policy and guide questions, straight from the source. 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. You can reach out to Fannie Mae at 800-2FANNIE for help. However, the lender is required to indemnify Fannie Mae (as described in A2-1-03, Indemnification for Losses) against all losses incurred by Fannie Mae as a result of the physical condition of the street or in order to establish and/or retain access to the street.
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