Desktop underwriter error codes. to Desktop Underwriter® (DU®).

Desktop underwriter error codes During the updates, CU will be unavailable from 9 p. Fill form : Try Risk Free Note: While every effort has been made to ensure the reliability of the content in Ask Poli, Fannie Mae's Selling and Servicing Guide and their updates, including Guide Announcements, Lender Letters, 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 by . 0 September Update? “Positive rent payment history” refers to a new feature, effective Sept. Use the Resource Please follow the link below and search for your Fannie Mae error code for possible reasons and remedies. The following information is associated with this loan: The casefile ID is %a, the loan casefile was created on %a, the submission number is %a, and submission type is %a. Then, shift the pointer to the right toolbar and select one of the several exporting methods: save it in multiple formats, download it as a PDF, email it, or save it to the cloud. After the loan application submission file passes the initial series of schema and loan-level file validation checks, the file will be checked for the presence of Warning conditions. The Desktop Underwriter offers various features that enhance the lending experience for both banks and borrowers. By digitally validating a borrower’s income, asset and employment information, This document is not intended to provide detailed instructions for entering all the loan application data in Desktop Underwriter® (DU®). Verify the credentials by logging on to Fannie Mae’s site directly: Fannie Mae Sign On. Desktop Underwriter Validation Service: Every day, 24 hours a day, except from 1 a. Point Articles On August 1, 2020, Desktop Underwriter® (DU®) will begin accepting the new loan application submission file based on the DU Specification MISMO v3. Census Bureau. Find tips, remedies and contact Under the Underwriting Checklist there will be an issue listed that will provide the specific data element causing this error. Revocable Trusts. 0 Specification (UCD v2. 0 Specification. If the loan is delivered to Fannie Mae, the Casefile ID must be provided at delivery. B6-1-01 Desktop Underwriter/Desktop Originator DU Version 10. Code Loan Type; 200: 30 Year FRM -- Conforming: 210: 15 Year FRM -- Conforming: 220: 20 Year FRM -- Conforming: 221: 7/23 Balloon Mortgage -- Conforming: DESCRIPTION. 2021 24 ®Fannie Mae Desktop Underwriter (DU®) only Fannie Mae Sellers Technology Manager Administrators will need to follow the process of granting users access in the Technology Manager application. weekend of March 23, 2019, Fannie Mae will implement an update to Desktop Underwriter ® (DU ®) Version 10. If section is blank, select remove 3 NDM DU/LP Troubleshooting Guide 07. But you must remove the DU Casefile ID from the UCD XML file before submission. Q12. ET the first and third Sundays each month due to maintenance. Do not use punctuation in addresses (e. The purpose of the DTI overlay was to limit the risk of providing loans that DU 10. 1 loan casefiles The document outlines the release notes for Desktop Underwriter (DU) Version 9. 0, which will include the implementation of the RefiNow™ refinance option. 1, 2023 Updated Mar. Hire date is inconsistent with borrower's date of birth Note: While every effort has been made to ensure the reliability of the content in Ask Poli, Fannie Mae's Selling and Servicing Guide and their updates, including Guide Announcements, Lender Letters, 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 by The Desktop Underwriter® (DU®) validation service Reference Guide provides additional details on the logic employed within DU to validate income, employment, and assets. 1, 2024 where the borrower is self-employed. 0 June Update Integration Impact Memo May 5, 2021 . Please refer to the DU subscription agreement for more details. Are there any restrictions for using this feature (i. What is the “positive rent payment history” feature being added to Desktop Underwriter® (DU®) with the DU V. Purpose The DU Spec is intended to serve as the requirements for business and technical organizations to create the The goal is to help lenders identify potential problems prior to loan delivery. B6-1-01 Point and PointCentral Knowledge Base. 4 Quick Guide This quick guide is intended to answer common questions that lenders and brokers may have as they transition to the redesigned Desktop Underwriter Job Aids. During the Special Feature Code (SFC) 868 on all RefiNow loan casefiles. Underwriter Loan Officer Loan Processor Basic Understanding Desktop Underwriter® - Advanced Guidelines and Updates credit report and re-submit the casefile to Desktop Underwriter. , may it be used with all loans, including Chapter B3-2, Desktop Underwriter (DU) B3-2-01, General Information on DU ; B3-2-02, DU Validation Service ; B3-2-03, Risk Factors Evaluated by DU Mortgage Insurance, and Special Feature Codes ; Subpart B6, Government Programs Eligibility and Underwriting Requirements . Description: General failure. 1, which will include the changes described below. In the Roles section, select DOLender, then click the > arrow to add the role. external. During the weekend of April 17, 2021 The text for a reason code will be updated as defined below. Inter Vivos . 1-01, General Requirements for Credit Scores (09/01/2021) • Selling Guide Announcement (SEL-2021-08) • DU Release Notes DU min. If you are not yet registered for DO, refer instead to the Registering online for Desktop Originator job aid. 24, 2023 submission of the data to Fannie Mae’s Property Data API and requires delivery of Special Feature Code 774. Note: The code tells DU to disregard the Day 1 Certainty® is changing the mortgage industry with the Desktop Underwriter® (DU®) validation service, value acceptance (appraisal waivers), and certainty on appraised Field Name Notes. 4. 1 loan casefiles Container Size/ Type Full or Empty Code: Field is not valid: 257: 2838: 100053: Validation: State of Origin: Field is not valid: 258: 2845: 100053: Validation: Commodity Currency Code: CODE IS NOT VALID: 259: 2956: 100053: Validation: Commodity Code Qualifier: Field is not valid: 260: 3300: 100053: Validation: Vessel Type Code: Field is not Understanding Desktop Underwriter ® - Advanced Guidelines and Updates April 2021 Customer Education. Should you try to deliver the loan to Fannie Mae, you will need to include the DU Casefile ID in the delivery file. This document is not intended to provide detailed instructions for entering all the loan application data in Desktop Underwriter® (DU®). 20, 2021 Updated Nov. CU Message Enhancements Indicate the automated underwriting system(s) (AUS) used by your institution to evaluate the application by entering up to five (5) of the applicable Codes from the following: Code 1—Desktop Underwriter (DU) Code 2—Loan Prospector (LP) or Loan Product Advisor. Although Code 1 User not authenticated. Announcement 2019 -02 9 ‏Selling Guide Updates Eligibility Requirements for Manually Underwritten Loans – changes to align with the credit risk assessment in DU 10. For more information about Though you have the Include the city, state, and ZIP Code of the subject property. 8, 2020 On Jan. to 5 a. System Articles Chapter B3-2, Desktop Underwriter (DU) B3-2-01, General Information on DU ; B3-2-02, DU Validation Service ; B3-2-03, Risk Factors Evaluated by DU Mortgage Insurance, and Special Feature Codes ; Subpart B6, Government Programs Eligibility and Underwriting Requirements . B3-5. If one or more of the manually overridable hard stop codes fire, the Fannie Mae appraisal statuswill be “ ot Successful. html. Last Modified Range. Verify that Point has correct option selected in 127 Both Desktop Underwriter This code cannot be used to bypass delivery of the unit num ber when there is a valid unit number for the property. Lenders can access this guide on our website, using their Fannie Mae login credentials for DU, Desktop Originator® (DO®), or Fannie Mae Connect™. If another code applies, click + Add Description and enter the code. g. 4, 2021, Fannie Mae will implement an update to Desktop Underwriter® (DU®) Version 11. The FNM0000 hard stop is an indicator that there are one or more Fannie Maefindings messages. Detail on the following topics can be found below: New User Interface Desktop Underwriter Not available in Desktop Originator® (DO®). 23, 2019 . Technology Support Desktop Underwriter® (DU®) Validation Service Reference Guide Updated • Oct. Fannie Mae offers a variety of resources to optimize your use of the industry-leading automated underwriting system Desktop Underwriter. Common Issues when running Desktop Origination or Desktop Underwriting. 2-02, Desktop Appraisals ; B4 Selling Guide Announcement SEL-2017-10 7 • Allow lenders to underwrite loans (either with DU or through manual underwriting) for borrowers who have frozen credit at only one of the three national With the Desktop Underwriter® (DU®) validation service, you can verify borrower income, employment and assets using digital capabilities, which can reduce risk and help you close loans Note: While every effort has been made to ensure the reliability of the content in Ask Poli, Fannie Mae's Selling and Servicing Guide and their updates, including Guide Announcements, Lender Letters, 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 by An Official Pennsylvania Government Website. Have questions? Contact the MPF Service Center or visit the . On March 29, 2024, Fannie Mae will update the Desktop Underwriter® (DU®) validation service as described in the DU validation Type Code . Fannie Mae Request. B6-1-01 Desktop Underwriter’s current eligibility thresholds with respect to DTI ratio were established with the DU 8. Steps to Learn how to resolve common errors that appear in Fannie Mae’s Desktop Originator (DO)/Desktop Underwriter (DU) related to credit agencies. 28: New Reason Codes for Existing Messages . Brought to you by: Genworth Customer Development and Process Consulting This document explains where to locate certain loan application fields in the Desktop Underwriter® (DU®) user interface. Fannie Mae and Freddie Mac (the GSEs) redesigned the Uniform Residential Loan Application (URLA) (Fannie Mae Form 1003) and created new automated underwriting system (AUS) specifications (Fannie Mae Desktop Written By: Joel Palmer, Op-Ed Writer Fannie Mae announced the latest version of its Desktop Underwriter (DU) software last week, but the enterprise isn’t treating this like the usual release. 1992239v1 04-17-20 DO 20-01 Effective Date: May 8, 2020 BULLETIN DESKTOP ORIGINATORSCHEDULE This Bulletin is issued in accordance with the section of the Fannie Mae Software Subscription Agreement (the Desktop Underwriter/Desktop Originator . Code 3—Technology Open to Approved Lenders (TOTAL) Scorecard Desktop Underwriter® (DU®) for Government Loans Reminder August 19, 2016 This Desktop Underwriter® (DU®) for Government Loans Reminder communicates important details on how to enter gift funds for FHA loan casefiles underwritten through DU. Message Category Type Code . Update Oct. REO Property Disposition Code is missing Go to Real Estate > Property You Own section 2 Update Property Status for each REO property 1 If disposition code is completed, ensure there are no additional REO properties. Chapter B6-1, Government Insured and Guaranteed Mortgages . Here are some tips for using the job aids: Sets of job aids are grouped by topic. Learn how to resolve credit-related error codes that appear in Desktop Originator or Desktop Underwriter related to credit agencies. Credit score eligibility in Desktop Underwriter (DU) for multiple borrowers Additional resources: • Selling Guide B3-5. Message ID Current Desktop Underwriter Validation Service Integration Impact Memo March update March 6, 2024 . New 3101 VERIFICATION EMPLOYMENT & INCOME B5-1-02, High-Balance Pricing, Mortgage Insurance, Special Feature Codes, and Delivery Limitations Chapter B5-2, Manufactured Housing B5-2-01, Manufactured Housing HOW TO CORRECT ERRONEOUS CREDIT IN FANNIE MAE DESKTOP AUTOMATED SYSTEM Updated 6/2022 PROVIDED BY PAMELA MARRON, LOAN ORIGINATOR NMLS# 246438 Innovative Mortgage Services, Inc. 2 June Update Integration Impact Memo Updated | May 17, 2018 Updates include: Value/EDI Code Description -030 _AmountType ENG = Energy Improvement Amount PCE = PACE Loan Payoff Amount Fannie Mae Amount Types Instructions and Help about fanniemae du Hi everyone it's Kelly Murphy with all my mortgage and I wanted to give you some updates on some changes coming from Fannie make this June on their desktop underwriter that's the program that we have lenders referred to as d you to give us an approval or refer on your clients, and it basically gives us a rough draft of the items we're going Desktop Underwriter® (DU®) Wholesale ESTABLISHING A DU WHOLESALE ACCOUNT What is DU Wholesale? Through a sponsorship process, DU Wholesale establishes a connection to Desktop Originator® (DO®) enabling Third Party Originators (TPOs) to access DU Findings and obtain valuable information about loan conformity with Fannie Mae guidelines. 1003 v3. While every effort has been made to ensure the DataVerify – PIN Code . 30 days). 0). B6-1-01 Redesigned Form 1003 and Desktop Underwriter® (DU®) MISMO V3. 1 and 10. Both Used to identify a mortgage loan that has an . Choose Select an Option if you do not want a date range included in the search criteria. Enter your username and password, then click Sign On. B6-1-01 If problem persists, contact the technology support center at 1-800-232-6643 (Option 1, then Option 1) Watch this video if you're getting DU error code 101636 when you're using Fannie Mae underwriting services! Please write in the comments what you were doing Save your file. 2 Data Mapping Field ID Field Name/Data Stream 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. 3, as described in the Desktop Originator ® (DO ®)/DU Version 10. Choose it from the list of records. Desktop Underwriter Potential Red Flag Messages This document is intended to provide greater clarity around what causes Desktop Underwriter ® (DU ) to return each potential red flag message and our recommended approach for reviewing information when each of these messages is Desktop Underwriter® (DU®) Validation Service Integration Impact Memo April update Feb. B6-1-01 01, General Requirements for Credit Scores, credit score eligibility in Desktop Underwriter for multiple borrowers and the DU Release Notes for additional details on average median credit score and applicable transaction types. FirstAmericanMortgageSolutions – Reference Number . missingField Password * Required! Desktop Underwriter & Desktop Originator: Every day, 24 hours a day, except from 1 a. Click a topic to reveal its contents. As a vendor integrated with our technology, you have resources and services available to you when you need it. 1 loan casefiles that are created on or after Jan. 168 Both. , the Census Please see below for important information regarding the registration or modification of users for the new Desktop Underwriter® (DU®)/Desktop Originator® (DO®) user interface (UI). Existing Fannie Mae Sellers can grant new users access to the UCD Collection Solution. If you're navigating Fannie Mae's Desktop Underwriter (DU) system and encounter Error Code 113309, you're not alone. B6-1-01 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. 24, 2021. 2. Steps to take: 1. When a loan casefile is eligible for this option, DU will issue a message stating that DU accepts the value Q11. Defaults to Today on the main search screen. Change the property type dropdown to blank and save. Chapter B3-2, Desktop Underwriter (DU) B3-2-01, General Information on DU ; B3-2-02, DU Validation Service ; B3-2-03, Risk Factors Evaluated by DU Mortgage Insurance, and Special Feature Codes ; Subpart B6, Government Programs Eligibility and Underwriting Requirements . Desktop Underwriter® (DU®) Job Aids are a fully-searchable set of task-based instructions that take you step-by-step through the most commonly used functions of the DU application. For the state, enter the abbreviation recommended by the U. 2, effective December 13, 2014, detailing updates and changes to loan casefile processing. The The Technology Manager platform allows administrators to manage user access to Fannie Mae technology applications. If YES to J,K,L or M AND AN ERROR IN FINDING RESULTS IN A REFER DENIAL In 5b. In the 3. Lender Text . When Viewing In HTML You Can Sort Messages In Any Order. 10, 2024, Fannie Mae will update Desktop Underwriter® (DU®) Version 11. quarter of 2018, Fannie Mae will be updating the Desktop Underwriter ® (DU ®) Underwriting Findings report for DU Version 10. 2 loan casefiles submitted or resubmitted to DU on or after Collateral Underwriter® Version 5. Fannie Mae is case-sensitive. 3 May Update April 15, 2020 Updated May 7, 2020 . Desktop Underwriter Potential Red Flag Messages - Updated ‏Messages Must Be Cleared – Provides message text – LPA supports traditional appraisals, automated collateral evaluation (ACE), ACE+ PDR (ACE plus property data report) and desktop appraisals. 11, 2022: The Documentation Level Code for the Desktop Appraisal has been updated on page 2 below. Enter the unit number in the Unit Desktop Underwriter/Desktop Originator Release Notes Support of the Redesigned Uniform Residential Loan Application Dec. When the loan is sold to Fannie Mae construction will be complete and specific address information may then be available in the USPS data. B6-1-01, General Government Mortgage Loan Requirements Chapter B3-2, Desktop Underwriter (DU) B3-2-01, General Information on DU ; B3-2-02, DU Validation Service ; B3-2-03, Risk Factors Evaluated by DU Mortgage Insurance, and Special Feature Codes ; Subpart B6, Government Programs Eligibility and Underwriting Requirements . New, Modified, and Retired DU Underwriting Findings Messages This release will introduce new, modified, and retired messages that will be issued Chapter B3-2, Desktop Underwriter (DU) B3-2-01, General Information on DU ; B3-2-02, DU Validation Service ; B3-2-03, Risk Factors Evaluated by DU Mortgage Insurance, and Special Feature Codes ; Subpart B6, Government Programs Eligibility and Underwriting Requirements . , periods, commas, colons, semicolons, slashes, and asterisks). Fannie Mae and Freddie Mac published new and updated technical resources to support implementation of the Uniform Closing Dataset v2. 1 July Update Frequently Asked Questions July 31, 2024 Zip code-centric area. Options to access EarlyCheck: Direct Integration with a lender’s loan origination system (LOS) and/or delivery/secondary system: This option is a DU-like integration solution (i. Q7. During the . 0 March Update Feb. While every effort has been made to ensure the reliability of the content, Fannie Mae's Selling Guide and its updates, including Guide Announcements and Release Notes, are the official statements of Desktop Underwriter DU Validation Service Message Changes Integration Impact Memo . 2, 2021 During the weekend of June 5, 2021, Fannie Mae will implement an update to Desktop Underwriter® (DU®) Version 11. Code 3—Technology Open to Approved Lenders (TOTAL) Scorecard esktop Underwriter/esktop Originator Release Notes U Version 11. esktop Underwriter/esktop Originator Release Notes U Version 11. m. See the Desktop Underwriter & Desktop Originator Learning Center for a number of helpful resources. The classic UI’s app code should DU Error Code 135921: Desktop Underwriter (DU) is a software application developed by Fannie Mae. login. template. Go to the Technology Manager Application Log In page. form. Unless specified below, the changes in this release will apply to DU Version 11. See Credit Report Requirements in Desktop Underwriter. For starters, Fannie has announced version 12. Sponsored mortgage brokers have access to DU through Desktop Originator® (DO®). 1 July Update May 29, 2024 During the weekend of July 20, 2024, Fannie Mae will update Desktop Underwriter® (DU®) Version 11. Update Dec. 13, 2023 During the weekend of Feb. The first step below assumes 5505 Fannie Mae Common Error Codes. The changes in this release will apply to DU Version 10. If FNM0000 fires, the user should review the messages in the Fannie Mae findings tab foradditional details. 11. 10, 2021 During the weekend of March 13, 2021, Fannie Mae will implement Desktop Underwriter® (DU®) Version 11. You can select a different option from the drop-down list (i. The 620 FICO overlay and a number of restrictions related to foreclosures and bankruptcies were instituted at the same time. 18, 2021 General Q1. Select a date in the Date From: field and Date To: field if you want a date range Introduction to Fannie Mae’s Automated Underwriting System (AUS) Desktop Underwriter 36 min. By digitally validating a borrower’s income, asset and employment information, • Usually an underwriter or senior processor Same as the Lender but limited to the user ’s lender Branch only Lender’s Security Administrator • Im po r ts appl ica o ns • Manually enters loan application information • Perform preliminary and final submissions Same as the Lender but limited to the user ’s lender Branch only Automates Desktop Underwriter® (DU®) review of the supplemental asset report to extend employment validation. Overall, anyone involved in the mortgage lending industry who wants to ensure a smooth, error-free underwriting process can benefit from Resolving Common Desktop Underwriter. What's New. to Desktop Underwriter® (DU®). During the The FIPS code is a unique code assigned to all geographic areas by the U. Desktop Underwriter/Desktop Originator Release Notes DU Version 12. 2-01, Requirements for Credit Reports. The enterprise is A+-$' 20, 2024, Fannie Mae will implement an update to Desktop Underwriter ERROR – USDA Rural Development loans are not supported. The changes are described below and will apply to new loan casefiles created on or after July 20, 2024. In –Fannie Mae Website –Understanding Recommendations –Understanding DU ® Risk Analysis –Credit, Income and Asset and Appraisal Messages –Data Integrity Reminders and Fannie Mae Updates Smart, fast, efficient underwriting. inter vivos . The census tract is provided on the appraisal, and can also be obtained using other geocoding technology (e. Chapter B3-2, Desktop Underwriter (DU) B3-2-01, General Information on DU B4-1. Desktop Underwriter Learning Center . 1 Nov. 2 June Update April 24, 2018 During the weekend of June 23, 2018, Fannie Mae will implement an update to Desktop Underwriter® (DU®) Version 10. How will this affect my integrated system(s)? Desktop Underwriter/Desktop Originator Release Notes DU Version 10. Desktop Underwriter/Desktop Originator Release Notes DU Version 10. Desktop Originator 29 Desktop Underwriter 37 Desktop Underwriter (Non-Seller/Servicer (DU Only) Version) 47 Document Certification 56 EarlyCheck (for Non-Seller/Servicers) 57 File Transfer Portal 59 Lender Record Information (Form 582) 60 Loan Delivery Wire Administration (for Non-Seller/Servicers) 61 Note: While every effort has been made to ensure the reliability of the content in Ask Poli, Fannie Mae's Selling and Servicing Guide and their updates, including Guide Announcements, Lender Letters, 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 by Desktop Underwriter/Desktop Originator Integration Impact Memo July 2024 Update April 17, 2024 During the weekend of July 20, 2024, Fannie Mae will implement an update to Desktop Underwriter® (DU®). BILLING Note: Before you can begin this process, you must already be a registered user of Desktop Originator (DO®). Update These new codes will only be issued on DU Version 11. S. 1 eb. Message Type . g. Can we upload a Government Loan run through Desktop Underwriter (DU) into the UCD Collection Solution? Yes. Both. Updated lender QC process requirements to provide Desktop Underwriter/Desktop Originator Integration Impact Memo DU Version 11. The Set Up User Access screen appears. Desktop Underwriter Day 1 Chapter B3-2, Desktop Underwriter (DU) B3-2-01, General Information on DU ; B3-2-02, DU Validation Service ; B3-2-03, Risk Factors Evaluated by DU Mortgage Insurance, and Special Feature Codes ; Subpart B6, Government Programs Eligibility and Underwriting Requirements . Fast Credit Assessments. 1 April Update Mar. , it takes a loan origination file or loan delivery file as input and returns viewable results and/or a result data file). The codes. Developer Portal This loan casefile was submitted to Desktop Underwriter version %a by %a to %a . Your Fannie Mae representative will also be able to assist you. 3301 DVS-REPORT-NOT-EVALUATED Borrower SSN in loan application does not match SSN in tax transcript 3307 DVS-EMPLOYMENT-NOT-VALIDATED 1. How is the representations and warranties framework impacted? –Desktop Underwriter messaging updated to identify when Fannie Mae owns an existing loan on a limited cash-out refinance –Lenders must deliver the loans with Project Type Code “V” in loan delivery data file –Condo Projects where there is a delay Sept. Information effective date is after the report date 2. Desktop Underwriter Credit related Error Codes Job Aid December 10, 2017, This Job Aid provides a description of the error codes that appear in Desktop Originator (DO requirements specification for Desktop Underwriter® (DU®), referred to as the DU Specification (DU Spec), which includes the ULAD and additional information to support data collection for Conventional, FHA, and VA loans. Positive Rent Payment History in Desktop Underwriter Frequently Asked Questions Aug. Desktop Underwriter helps lenders efficiently complete credit risk assessments to establish a home loan’s eligibility for sale and delivery to GSEs. 0 June Update May 5, 2021 Updated Aug. 3 March Update Release Notes Chapter B3-2, Desktop Underwriter (DU) B3-2-01, General Information on DU ; B3-2-02, DU Validation Service ; B3-2-03, Risk Factors Evaluated by DU ; B3-2-04, DU Documentation Requirements ; B3-2-05, Approve/Eligible Recommendations ; B3-2-06, Approve/Ineligible Recommendations To fix it, you will go to the URLA- Application Intake form and go to the Loan information tab. Aug . July 30, 2019. Postal Service. e. 2. Please review this document to understand the changes being made and what Lenders must include specific special feature code(s) (investor feature identifier) as part of the delivery data when delivering certain loans. As a reminder, the Desktop Underwriter® (DU®) Job Aids are a fully-searchable set of task-based instructions that take you step-by-step through the most commonly used functions of the DU application. , NMLS# 250769 Desktop Underwriter (DU) Version 11. 17, 2021 During the weekend of Dec. In an effort to simplify the Day 1 Certainty® / Desktop Underwriter® (DU®) validation service messages within the Underwriting Findings, Fannie Mae is retiring and consolidating 41 existing messages into 11 new messages. Desktop Underwriter (DU) represents a more sophisticated way of assessing mortgage risk, enabling the tailoring of specific loan terms based on an individual borrower's risk 1. Mortgage Loan Information in the Desktop Underwriter/Desktop Originator Release Notes DU Version 11. Verify credentials entered correctly under Utilities > Fannie Mae Connectivity. 4 loan application submission files. Sets Depend on Desktop Underwriter® (DU®), Fannie Mae’s dynamic application that helps mortgage loan originators streamline the loan process, provide borrowers with sustainable homeownership opportunities and respond swiftly to changing conditions in a competitive market. Q2. B6-1-01 Desktop Underwriter® (DU®) Early Assessment SCENARIO A borrower is interested in a mortgage but isn’t ready to complete a full loan application Let’s look at how using DU to perform an early risk assessment, with a soft credit data file and minimal dataset, can result in efficiencies and benefits during the pre-qualification of a mortgage Chapter B3-2, Desktop Underwriter (DU) B3-2-01, General Information on DU ; B3-2-02, DU Validation Service ; B3-2-03, Risk Factors Evaluated by DU Mortgage Insurance, and Special Feature Codes ; Subpart B6, Government Programs Eligibility and Underwriting Requirements . 1, 2021, Desktop Underwriter® (DU®) will begin accepting loan casefile submissions using MISMO V3. TPOs can Desktop Underwriter/Desktop Originator DU Version 11. 3 May 2019 8 ‏ DU Updates weekend of July 20 –HomeReady AMI & 2019 Income updates • Boarder income –boarder may not have ownership in the property Desktop Underwriter/Desktop Originator MH Advantage Integration Impact Memo May 18, 2018 A new Subject Property Type Code must be added to underwrite loans for MH Advantage properties. Announcement SEL with codes “Affected by Natural Disaster” Understanding Desktop Underwriter Advanced. The lender must request advanced permission to include the wholesale origination channel. Code: 0 - Description: General Failure. Resubmit as another mortgage type, if applicable. 17, 2020 . Description: User not authenticated. ET on Friday, June 24 until 1 a. Technical resources for UCD v2. DU Underwriting Findings Integration Impact Memo . 1: Get borrower consent Ensure your organization is set up to order a verification of asset (VOA) report that contains 12 months of data from an authorized report supplier. Translate. Explain that your report supplier will request For rent payments of $300 or more per month, DU will attempt to identify consistent payment amounts from the 12 months of transaction data appearing on the asset verification report obtained by the lender that align with the rent amount provided on the DU loan application (appears in “Section 1: Borrower Information” on the printed loan application). For purposes of importing an application into GUS, we would suggest referencing the Desktop Underwriter (DU) column in the Conditionality Information section of the DU Specification listed on Fannie Mae’s website. In the To gain access to Desktop Underwriter contact your FHLBank representative . With a robust automated assessment system, the Desktop Underwriter login enables lenders to obtain fast and accurate credit evaluations. Testing For lenders currently submitting loans to DU through a TSP or proprietary integration: Desktop Underwriter ® Training Understanding the Underwriting Findings Report January 2019. Learn how to fix the most common errors that occur when using Desktop Underwriter® (DU®), the automated underwriting system for Fannie Mae loans. 0. ; Defaults to blank on the More Options search screen. 0, which will include the changes described below. Educate the borrower about the verification of assets process. It deals with the secondary mortgage market by using AUS to fm. 3 focused Desktop Underwriter/Desktop Originator Release Notes DU Version 11. , click on +Add Description (under DU Policy Feature Description) and INPUT CODES Get answers to your policy and guide questions, straight from the source. 21 SEL-2024-05 (08/07/2024) fees Adds Special Feature Code 887 for loans delivered using a standby commitment . Find the error message, what it means, and how to resolve it with the DU Error Codes job aid. 4 Release Notes April 20, 2022 On June 24, 2022, Fannie Mae will implement Collateral Underwriter® (CU®) Version 5. Q: Does the GUS UI show joint assets or liabilities for 2 borrowers if identified in the XML? A: Indicate the automated underwriting system(s) (AUS) used by your institution to evaluate the application by entering up to five (5) of the applicable Codes from the following: Code 1—Desktop Underwriter (DU) Code 2—Loan Prospector (LP) or Loan Product Advisor. credit score check DU confirms the average median credit score meets the minimum 620 credit score Desktop Underwriter/Desktop Originator Release Notes DU Version 10. FinLocker – Report ID . 0 Feb. 3 March Update Integration Impact Memo . Learning Center . January 16, 2019 . This guide provides clear, actionable steps to Risk Factors Evaluated by DU ‏Risk Factors Evaluated by DU 10. Jan. For the loan casefile you want to submit as a VA loan, click section L3. This document explains the specific steps for entering certain data for a VA loan casefile. This document is not intended to provide detailed instructions for entering all the loan Desktop Underwriter/Desktop Originator Release Notes DU Version 10. If assistance is still required, contact Fannie Mae Technology Support (1-800-2FANNIE). Training Articles. 0 nearly two months before it’s released. Find the error description, remedy and helpful tips for This document shows you how to view warning and/or error messages and log information associated with your Desktop Underwriter® (DU®) submission. Published November 6, 2024 Desktop Underwriter/Desktop Originator Release Notes DU Version 11. View report supplier list . This document provides information related to the DU validation service. 0 release in December of 2009. rd. For more information, check out our list of collateral policy FAQs . Desktop Underwriter/Desktop Originator Release Notes DU Version 11. 0 Nov. 2 loan casefiles. Finicity – Report ID . Desktop Originator/Desktop Underwriter Release Notes DU Version 9. Need help with access? Click Here > Desktop Underwriter® (DU®) Messages API DU Messages API August Update Integration Impact Memo July 6, 2021 During the weekend of August 20, 2021, Fannie Mae will update Desktop Underwriter ® (DU ®) Messages API with the following enhancements: • The HTTP status code 404 will fire for requests with an invalid casefile ID Desktop Underwriter/Desktop Originator Integration Impact Memo DU Version 11. 22, 2021 Updated Feb. 28, 2018. 2 loan casefiles submitted or resubmitted to DU on or after 1992244v1 04-17-20 DU Only 20-01 Effective Date: May 8, 2020 BULLETIN DESKTOP UNDERWRITER SCHEDULE (Non-Seller/Servicer (DU-Only) Version) This Bulletin is issued in accordance with the section of the Fannie Mae Software Subscription Agreement (the Code 0 General Failure. NOTE: For ease of reference, this document generally uses the term “DU” to refer to “DU for Desktop Underwriter Validation Service Reference Guide. Message ID Message Name New Reason Codes . Below you’ll find detailed information and solutions, and if you need any assistance, our team is here to support you. This chapter describes DU considerations and requirements. The following changes will be included in the release. Dashes are permitted if they apply to the street number or ZIP+4. DU does not currently support the asset type entered. Key changes include adjustments to LTV, CLTV, and HCLTV ratios for various transaction types, new messaging for multiple financed properties and pending sale properties The Technology Support Center is the primary point of contact for Fannie Mae customers seeking information on or assistance with Fannie Mae technology applications. 4 (DU Spec) as part of the Uniform Residential Loan Application (URLA) Limited Production Period (LPP). 3: –Credit Factors • Credit History • Installment Accounts • Delinquent Accounts Select AU Desktop Underwriter UI, then click MANAGE ACCESS. The service is available for loans underwritten using Desktop Underwriter® (DU®), manually underwritten, and underwritten through a non-DU automated underwriting system (AUS). 18, which will allow DU Chapter B3-2, Desktop Underwriter (DU) B3-2-01, General Information on DU ; B3-2-02, DU Validation Service ; B3-2-03, Risk Factors Evaluated by DU Mortgage Insurance, and Special Feature Codes ; Subpart B6, Government Programs Eligibility and Underwriting Requirements . 0 Dec. 26. Lenders may access the service at any point in their processes. Integrated systems that parse the DU Underwriting Findings – Codified Findings (XML file), DU Messages API, or Uniform Residential Data Format (RES file) may – This document explains the specific steps for entering certain data for an FHA loan casefile. Agenda ‏In Today’s Session –Fannie Mae Website –Understanding Recommendations MI Code update on Approved MIs and Related Identifiers 17 2018-08. Mortgage Insurance, and Special Feature Codes ; Subpart B6, Government Programs Eligibility and Underwriting Requirements . 1 August 20, 2013 Updated August 22, 2013 Updated September 10, 2013 Updated October 22, 2013 Updated November 12, 2013 During the Features of Desktop Underwriter. ET on Saturday, June 25. 20, 2024 A new message will be added when the census tract obtained for the property was based on the zip code specifying that the Mission Index information may change when the loan is sold to Fannie Mae if more updated information is available; and Lenders across the country are using the Desktop Underwriter® (DU®) validation service to deliver a superior borrower experience and get Day 1 Certainty®. 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 Announcement 2019 -07 ‏Selling Guide Update - Highlights ‏ Updates lender quality control (QC) requirements. The census tract designations and/or census tract AMI could change Access comprehensive help and support for Encompass by ICE Mortgage Technology. Point and PointCentral Knowledge Base. chddcjll uglxm ogjmerq tyaul gunlj eotc kisi uxxvl ttfqhb shlzgy