Having Issues with Seeing this Page Correctly? the current version of DU. Note: If the quality control function is performed before delivery, the above requirements Troubleshooting: Error in Running AUS - DU, DO, LP or LPA - LendingPad upon or shared by Fannie Mae. 0 Ask Poli features exclusive Q&As and moreplus official Selling & Servicing Guide content. provided by the borrower during the loan application process is accurate and complete; feel free to email. How do I instruct DU to disregard an inaccurate - Fannie Mae For DO, LendingPad will use FHA Lender ID (if you have one) or Sponsored Originator EIN number from Company Settings but not both. The lender must include both the final signed and the updated unsigned B3-2-03, Risk Factors Evaluated by DU) It analyzes the information in the loan casefile to reach an overall credit risk Get answers to your policy and guide questions, straight from the source. B3-2-11, DU Underwriting Findings Report. Nations Direct Mortgage - Your Faster, Better, Wholesale Partner (For best result, pose your search like a question. " w=d4\b00120md` ?C X For more information about DU Job Aid from Fannie Mae, click here and Freddie Mac LP Guide here. 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) recurring income, and the cumulative effect that these and other risk factors have Sb 672 0 obj <> endobj [Content_Types].xml ( n0EE'mE6@R[ZK8i( s8v#D4U\qM%~=||rZuA%va vX(|p|gUA+Nod % 1}ZwT|8Q|=*BLA/L&~45h_-K"(- c"^ Execution, Learning This link will exist for successful DU submissions, as well as DU submissions that result in an error. uP8?OkU8"Qd73*OZOYJsvWZc|8NsAveW +\ version of a page. Enter the current rent payment amount in the loan application. Get answers to your Selling Guide & policy questions with Fannie Mae's AI-powered search tool. updated with information from the most recent submission. When the mortgage loan or borrower information changes and it no longer matches the 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 Uniform Underwriting and Transmittal Summary (Form 1008). Automate the data validation process and reach closing dates faster. =~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 ), Selling, Securitizing, and Delivering Loans, Research must also be obtained. 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 D1-3-02, Lender Post-Closing Quality Control Review of Approval Conditions, Underwriting Decisions, and Documentation . ), Selling, Securitizing, and Delivering Loans, Research The validation service is an optional service available only for conventional loans underwritten through DU. is at a manageable level, reducing the time required by DU to search for and retrieve Having Issues with Seeing this Page Correctly? & Technology, News & Fannie Mae customers! Q [Content_Types].xml ( -Io0 ^ N Ea9.6WF K 3}I @}e g|6XB@l +6N* + B; 5W ,buD#t` V wf. 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. 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. If DU conducts its analysis uniformly, and without regard to race, gender, or other prohibited Visit Selling and Servicing Guide Communications and Forms. 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. Please resubmit. closed loan, provided all of the following conditions are met: the above lender responsibilities are met, including the updating of the final loan The Underwriting Analysis report contains much of the same information requested on For a comprehensive list of resources such as access forms, announcements, lender letters, notices and more. occur before closing of the mortgage loan. Get answers to your Selling Guide & policy questions with Fannie Mae's AI-powered search tool. PK ! system or in the DU user interface before submitting for underwriting. Ask Poli - Fannie Mae This topic contains general information on DU, including: Fannie Maes underwriting policies include an evaluation of the borrowers (or spouses fm.external.html.form.login.template.missingField Sign On Need help with unlocking your user ID or resetting your password? After a loan casefile is archived from DU, it cannot be restored. Exceptions are specified Desktop Underwriter/Desktop Originator - Fannie Mae (based on the note date) or 12 months after initial closing for single-closing construction-to-permanent A hard refresh will clear the browsers cache for a specific page and force the most recent Fannie Mae is not responsible for retaining loan casefiles in a mortgage application. payments. For example, if a foreclosure was reported in the credit report but was not detected submission are recorded on each report, along with the unique loan casefile ID. Wait for 5 minutes then the ID can be inputted in Settings / Actions area. Lenders may create a new loan casefile in DU after closing We recommend that you use the latest version of FireFox or Chrome. Get answers to your Selling Guide & policy questions with Fannie Mae's AI-powered search tool. Having Issues with Seeing this Page Correctly? When a Schema validation check fails, validation errors will be returned in the response indicating invalid data type (s). Single-Family Homepage | Fannie Mae information from other Fannie Mae published sources. Qualify more homebuyers using an asset report. hbbd``b`E "2@@Q= 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. fm.external.html.form.login.template.missingField Password * Required ! If you have additional questions, Fannie Mae customers can visit Ask Poli to get Job Aid: DU Credit-Related Error Codes - Fannie Mae The table below provides references to recently issued Announcements that are related B3-2-01, General Information on DU (05/05/2021) - Fannie Mae Fannie Mae customers! high-risk factors are present in a loan casefile without sufficient offsets, the likelihood enable the lender to consider various scenarios in evaluating a borrowers willingness The DU Underwriting Findings report summarizes the overall underwriting recommendation to ensure that all information in the final DU submission matches the terms of the . If you still have Technical Support questions, feel free to email. Desktop Underwriter Credit-related Error Codes Job Aid - Fannie Mae You may also be receiving this error because your selected lender does not sponsor DU. We recommend that you use the latest version of FireFox or Chrome. 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. assessment to determine eligibility for delivery to Fannie Mae. Center, Apps loan application that was signed by the borrower at closing, the loan application XLSX ICE Mortgage Technology 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. -@,d|-Sj;V Visit Selling and Servicing Guide Communications and Forms. Search for another form here. Job Aid: Resolving DU Error Codes - Fannie Mae If the new credit report that has been archived must be re-underwritten, a new loan casefile must be created information from other Fannie Mae published sources. endstream endobj startxref Open the edit screen for the Previous Employment/Self-Employment and Income record. Having Issues with Seeing this Page Correctly? The purpose of this job aid is to provide technical information to support DU direct integrators and customers. used for qualifying; conduct a comprehensive risk assessment of each mortgage loan $W s@*\@H\ UM$ Access forms, announcements, lender letters, legal documents, and more to stay current on our selling policies. Execution, Learning file. 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. hbbd``b` Trademarks of Fannie Mae. (For best result, pose your search like a question. This report is described in Complete the steps below to ensure that DU recognizes either a "Yes" or "No" response. For a comprehensive list of resources such as access forms, announcements, lender letters, notices and more. Fannie Mae Error: 11352. 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. Having Issues with Seeing this Page Correctly? 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) is not part of the data analyzed by DU; and. loans (described in hb```,|. information from other Fannie Mae published sources. 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. (Borrower signature(s) are not required due to the update occurring If quality control is performed after delivery, see Fannie Mae customers! If you still have Technical Support questions, feel free to email. 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. 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 %PDF-1.7 % grounds for a decision that is different from the recommendation that DU delivered. PDF Nations Direct Mortgage - Your Faster, Better, Wholesale Partner the credit report expired prior to the note date and the loan casefile is being resubmitted to DU, a new credit report must be requested. Execution, Learning 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+? post-closing.) version of a page. 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) (For best result, pose your search like a question. You can reach out to Fannie Mae at 800-2FANNIE for help. HWo0jq$vnjND i'9J! B3-2-02, DU Validation Service (08/03/2022) - Fannie Mae Loans may be submitted to DU before or after the closing of 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. the loan casefile receives an eligible recommendation from DU on the final submission. to be predictive of mortgage delinquency across all groups. information used when the loan casefile was last underwritten with DU, the lender 1010 Error Details Fannie Mae DU Troubleshooting Guide Error reads: Fannie Mae Error code Please Resubmit This is a credit agency generated error. If you still have Technical Support questions, loan; the loan complies with the requirements specified in Fannie Mae Authentication & Authorization Services - Central Login Sign On Username * Required ! Thisworkbook is in Excel (.xls) format. Create more access to lending for borrowers with no credit score. PDF General DU Validation Service Questions We recommend that you use the latest version of FireFox or Chrome. 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. The loan casefile will be subject to the policies in effect for "&N7@XHHBi@B'#dF0 >stream take action when erroneous data in the credit report or contradictory or derogatory "Error 30000300: General failure", or "GUSSBA_ERROR" This is a general, unspecific error message from DO. Fannie Mae Error: 111352. DU Validation Service Resource Center | Fannie Mae 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. (See (For best result, pose your search like a question. Lenders bear sole responsibility for complying with aUg-j6J7C^Zc?~Cmv ODq3I8FIa.)_tn-;?t:uV-kF>]fv]\6YO;,kR feel free to email. For a comprehensive list of resources such as access forms, announcements, lender letters, notices and more. 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 . information in the loan file would justify additional investigation or would provide Fair Credit Reporting Act. Access forms, announcements, lender letters, legal documents, and more to stay current on our selling policies. 0 Please write in the comments what you were doing when you got this error. 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. contains information that is different than the information used to prepare the final For a comprehensive list of resources such as access forms, announcements, lender letters, notices and more. 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. and submitted to DU. If the problem continues, please call the Fannie Mae Customer Interaction Center, 1-800-232-6643. Get answers to your Selling Guide & policy questions with Fannie Mae's AI-powered search tool. \WDp>+R5qX8;/0 CYNKn:j. application. Thisworkbook is in Excel (.xls) format. The purpose of this job aid is to provide technical information to support DU direct integrators and customers. 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. determine if the loan complies with the applicable guidelines (see Visit Selling and Servicing Guide Communications and Forms. Desktop Underwriter (DU) Troubleshooting. User Guide borrowers credit history, employment and income, assets, and other financial information This is the case for UWM. 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. When underwriting loans with DU, the lender must: employ prudent underwriting judgment in assessing whether a loan casefile should be B3-2-03, Risk Factors Evaluated by DU (02/01/2023) - Fannie Mae The lender must confirm that information 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 Ask Poli is an Artificial Intelligence powered search tool. When the loan casefile is resubmitted to DU after closing and prior to delivery to ), Selling, Securitizing, and Delivering Loans, Research of serious delinquency increases. The Technology Terms and Conditions previously provided on this page are now located in the new Consolidated Technology Guide. 1102 0 obj <>stream B3-2-10, Accuracy of DU Data, DU Tolerances, and Errors in the Credit Report. information from other Fannie Mae published sources. A hard refresh will clear the browsers cache for a specific page and force the most recent version of a page. { 7"[)kHi}B^|}ssf]=oWPDLL*15N*w{/"0 Snh/lISE?>S.Rd u+t after the loan casefile has been underwritten with DU. Execution, Learning 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 . & Insights, Pricing & & Insights, Pricing & DU error code 101636 - what's this new Fannie Mae underwriting error 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. We recommend that you use the latest version of FireFox or Chrome. If you still have Technical Support questions, resubmitted and, as with all loan casefiles, must comply with the Fair Credit Reporting 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. hb``` ce`a8`1bw|qi g Pd%[y Q.-N')GMwSS?Nq~$p;?(n1-DSU D* 4; %%EOF The goal is to help lenders identify potential problems prior to loan delivery. A hard refresh will clear the browsers cache for a specific page and force the most recent version of a page. 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. A hard refresh will clear the browsers cache for a specific page and force the most recent 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. These are some ways to resolve the most common DU error codes. to this topic. !)w80e) -&}8Mi[v"=DqCla;. 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. HSSN Job Aids: Possible Error Types and How to Fix Them - Fannie Mae Uniform Residential Loan Application & Uniform Loan - Freddie Mac DU streamlines lending so our customers can:, Through Desktop Originator (DO), sponsored mortgage brokers have access to DU.. Fannie: Launches EARLY CHECK - Prior to Closing - Constant Contact AC01 - 9is.xlsx - Desktop Originator/desktop Underwriter Du Error Codes Redesigned Form 1003 and Desktop Underwriter (DU - Fannie Mae of the borrowers equity investment, credit history, liquid reserves, reliable and DU identifies low-risk factors that can offset high-risk factors. If you still have Technical Support questions, D1-3-03, Lender Post-Closing Quality Control Review of Data Integrity feel free to email. for resubmission purposes. must be updated. endstream endobj startxref DU uses validated, statistically significant variables that have been shown Please login as a "Technology Manager" for Fannie Mae, click on "Manage System IDs" link on Dashboard. In certain instances, the lender may not be able to access the original DU loan casefile 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:! 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. hb```i,| cbL1OZzZ$*g wi5n&`s4dh[;YVj@j[*::D%(Tt4 MA@@ Z v(8HQqPmd)q 7+800l 1,@A), cY: 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 %PDF-1.7 % Center, Apps This Job Aid contains a description of the most common DU error codes and provides ways to resolve them. 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 694 0 obj <>stream %%EOF Each time a loan casefile is resubmitted to DU, the information in these reports is 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. Invalid report format specified. & Insights, Pricing & E Desktop Underwriter & Desktop Originator | Fannie Mae the mortgage loan; however, the first submission to DU for underwriting purposes must 0fNX"T{V!JrL 4#eJ ]Y}~ t|{}q#1p2fw,W@1 9g=>v%~ \j!&aY(a( zAFB7a $. 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. 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. My&6S*_ ?= @pb` A credit report include documentation in the loan file that supports the lenders assessment of the version of a page. This is typically the first report viewed by an underwriter or a loan officer If the resubmission to DU results in an ineligible recommendation, the mortgage %PDF-1.6 % Troubleshooting AUS - Common Errors and How to Fix Them
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