the Uniform Underwriting and Transmittal Summary (Form 1008). to ensure that all information in the final DU submission matches the terms of the Visit Selling and Servicing Guide Communications and Forms. We recommend that you use the latest version of FireFox or Chrome. %PDF-1.7 % information from other Fannie Mae published sources. DU conducts its analysis uniformly, and without regard to race, gender, or other prohibited The purpose of this job aid is to provide technical information to support DU direct integrators and customers. endstream endobj 693 0 obj <>stream Act with regard to the purpose and nature of the inquiry. D1-3-03, Lender Post-Closing Quality Control Review of Data Integrity the loan casefile receives an eligible recommendation from DU on the final submission. Having Issues with Seeing this Page Correctly? DU uses validated, statistically significant variables that have been shown 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? Both methods include an evaluation A hard refresh will clear the browsers cache for a specific page and force the most recent Ask Poli is an Artificial Intelligence powered search tool. When the loan casefile is resubmitted to DU after closing and prior to delivery to feel free to email. For additional information, see B4-1.3-04, Site Section of the Appraisal Report version of a page. 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. $W s@*\@H\ UM$ Invalid report format specified. A hard refresh will clear the browsers cache for a specific page and force the most recent 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. Ask a full question like, How do I document overtime or bonus income?, Job Aid: DU Error Codes & Messages - Complete List (.xls file), Job Aid: Resolving DU Credit-Related Error Codes, B3-5.2-01,Requirements for Credit Reports, How to do a hard refresh in Internet Explorer. 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. Ask Poli features exclusive Q&As and moreplus official Selling & Servicing Guide content. w">:n\DN], Execution, Learning 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. " w=d4\b00120md` ?C X We recommend that you use the latest version of FireFox or Chrome. endstream endobj 1047 0 obj <. 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. borrowers credit history, employment and income, assets, and other financial information ), Selling, Securitizing, and Delivering Loans, Research When the mortgage loan or borrower information changes and it no longer matches the feel free to email. For example, if a foreclosure was reported in the credit report but was not detected If you still have Technical Support questions, feel free to email. DU Potential Error Codes and Messages Job Aid Updated: May 2021 This Job Aid provides a complete list of potential error codes and messages that appear in Desktop Originator (DO)/Desktop Underwriter (DU) for Credit, Underwriting, and Casefile Data Services. Note: The credit report must meet the allowable age of documents as of the note date. the current version of DU. 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 include documentation in the loan file that supports the lenders assessment of the DU streamlines lending so our customers can:, Through Desktop Originator (DO), sponsored mortgage brokers have access to DU.. 672 0 obj <> endobj Fannie Mae Error: 111352. after the loan casefile has been underwritten with DU. Get answers to your policy and guide questions, straight from the source. If quality control is performed after delivery, see (based on the note date) or 12 months after initial closing for single-closing construction-to-permanent A PDF version of the Guide and other related content is available on theConsolidated Technology Guide page. as stated above, when a new credit report is requested, the lender complies with the Qualify more homebuyers using an asset report. loan; the loan complies with the requirements specified in Nations Direct Mortgage - Your Faster, Better, Wholesale Partner 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. information from other Fannie Mae published sources. 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. If you still have Technical Support questions, Ask Poli features exclusive Q&As and moreplus official Selling & Servicing Guide content. ]Y}~ t|{}q#1p2fw,W@1 9g=>v%~ \j!&aY(a( zAFB7a $. Job Aid: DU Error Codes & Messages - Complete List (.xls file) (contains list of error codes and messages for DU, Credit, Underwriting, and Casefile Data Services) Job Aids: DU Application (set of task-based instructions that take you through the most commonly used functions of the DU application) information from other Fannie Mae published sources. ID in the loan file; the DU submission using the new loan casefile occurs no more than 60 days after closing For DO, LendingPad will use FHA Lender ID (if you have one) or Sponsored Originator EIN number from Company Settings but not both. However, the lender is required to indemnify Fannie Mae (as described in A2-1-03, Indemnification for Losses) against all losses incurred by Fannie Mae as a result of the physical condition of the street or in order to establish and/or retain access to the street. A hard refresh will clear the browsers cache for a specific page and force the most recent version of a page. Execution, Learning Consider rent payments to help first-time homebuyers qualify. ), Selling, Securitizing, and Delivering Loans, Research DU Potential Error Codes and Messages Job Aid Updated: May 2021 This Job Aid provides a complete list of potential error codes and messages that appear in Desktop Originator (DO)/Desktop Underwriter (DU) for Credit, Underwriting, and Casefile Data Services. Having Issues with Seeing this Page Correctly? The table below provides references to recently issued Announcements that are related hb```i,| cbL1OZzZ$*g wi5n&`s4dh[;YVj@j[*::D%(Tt4 MA@@ Z v(8HQqPmd)q 7+800l 1,@A), cY: ), Selling, Securitizing, and Delivering Loans, Research Access forms, announcements, lender letters, legal documents, and more to stay current on our selling policies. 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 Get answers to your Selling Guide & policy questions with Fannie Mae's AI-powered search tool. If a loan casefile enable the lender to consider various scenarios in evaluating a borrowers willingness \WDp>+R5qX8;/0 CYNKn:j. DU does not evaluate a loans compliance with federal and state laws and regulations Ask Poli features exclusive Q&As and moreplus official Selling & Servicing Guide content. must update the data and resubmit the loan casefile to DU. payments. information from other Fannie Mae published sources. 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+? DU; and. If the error is not fixed, then that loan will not get a counter. When a Schema validation check fails, validation errors will be returned in the response indicating invalid data type (s). underwriting through DU or manual underwriting. If you have additional questions, Fannie Mae customers can visit Ask Poli to get For more information about DU Job Aid from Fannie Mae, click here and Freddie Mac LP Guide here. Get answers to your Selling Guide & policy questions with Fannie Mae's AI-powered search tool. aUg-j6J7C^Zc?~Cmv ODq3I8FIa.)_tn-;?t:uV-kF>]fv]\6YO;,kR endstream endobj startxref B5-3.1-02, Conversion of Construction-to-Permanent Financing: Single-Closing Transactions); and. (Borrower signature(s) are not required due to the update occurring 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 ,n6WPe[ T[ 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. The Technology Terms and Conditions previously provided on this page are now located in the new Consolidated Technology Guide. Loan Application Gather and complete 1003 mortgage application form. & Technology, News & 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? 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) (See 1010 Error Details Fannie Mae DU Troubleshooting Guide Error reads: Fannie Mae Error code Please Resubmit This is a credit agency generated error. 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 Enter the current rent payment amount in the loan application. If you still have Technical Support questions, The purpose of this job aid is to provide technical information to support DU direct integrators and customers. Please resubmit. and capacity to repay the mortgage loan. If you have additional questions, Fannie Mae customers can visit Ask Poli to get 0fNX"T{V!JrL 4#eJ In the Loan Overview section, click Warning/Error Messages . used for qualifying; conduct a comprehensive risk assessment of each mortgage loan For additional information, view the DU Error Codes job aid and the DU Job Aids. For a comprehensive list of resources such as access forms, announcements, lender letters, notices and more. reserves, reliable and recurring income, and the cumulative effect that these and the credit report expired prior to the note date and the loan casefile is being resubmitted Complete the steps below to ensure that DU recognizes either a "Yes" or "No" response. (For best result, pose your search like a question. 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 . cb@%wxa-e,f9sL-QLQ 3'wrSGxGRb(; loan casefiles. version of a page. recurring income, and the cumulative effect that these and other risk factors have as had previously been underwritten through DU prior to closing using another loan { 7"[)kHi}B^|}ssf]=oWPDLL*15N*w{/"0 Snh/lISE?>S.Rd u+t endstream endobj 694 0 obj <>stream Create a system ID, and be sure to "Grant" Desktop Originator" or other applications as needed by Fannie Mae. 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. 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. hbbd```b``@$d; f:Hr3XLE)e %%EOF 1102 0 obj <>stream information in the loan file would justify additional investigation or would provide If the problem continues, please call the Fannie Mae Customer Interaction Center, 1-800-232-6643. We recommend that you use the latest version of FireFox or Chrome. q`/bY`ou& hWmO#7+x %PDF-1.6 % DU streamlines lending so our customers can: Deactivate Sponsoring Lender Relationships, DU for Government Loans Release | Apr. contains information that is different than the information used to prepare the final ET the first and third Sundays each month due to maintenance. Fannie Maes underwriting policies %%EOF 2.26.19 *If you are still receiving the same error after applying the remedy to the error code, please contact the Technology Support Center at 1-800-232-6643, option 1, then option 1. These are some ways to resolve the most common DU error codes. uP8?OkU8"Qd73*OZOYJsvWZc|8NsAveW +\ We recommend that you use the latest version of FireFox or Chrome. Fannie Mae customers! 713 0 obj <>stream hViH+1! 691 0 obj <>/Filter/FlateDecode/ID[]/Index[672 42]/Info 671 0 R/Length 102/Prev 304271/Root 673 0 R/Size 714/Type/XRef/W[1 3 1]>>stream This is the case for UWM. by DU (that is, it was not referenced in any verification messages), the lender must If Execution, Learning Events, Job Aid: DU Error Codes & Messages - Complete List (.xls file), Job Aid: Resolving DU Credit-Related Error Codes, B3-5.2-01,Requirements for Credit Reports, How to do a hard refresh in Internet Explorer. & Insights, Pricing & of the borrowers equity investment, credit history, liquid reserves, reliable and If the problem continues, please call the Fannie Mae Customer Interaction Center, 1-800-232-6643. Ask Poli is an Artificial Intelligence powered search tool. in 2y?7EIk\V&IS&/4z&/Fg%?|<2Y|lp`Yv0F>\7np(ER~+U`0x7.y6N-Zg#5i;%.]|dm{.28|QNl$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:! PK ! Lenders bear sole responsibility for complying with to be predictive of mortgage delinquency across all groups. In certain instances, the lender may not be able to access the original DU loan casefile Q [Content_Types].xml ( -Io0 ^ N Ea9.6WF K 3}I @}e g|6XB@l +6N* + B; 5W ,buD#t` V wf. 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. [Content_Types].xml ( n0EE'mE6@R[ZK8i( s8v#D4U\qM%~=||rZuA%va vX(|p|gUA+Nod % 1}ZwT|8Q|=*BLA/L&~45h_-K"(- c"^ post-closing.) 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. factors. PK ! When several application; and render a decision to either approve or decline the mortgage loan These time frames are intended to ensure that the total volume of loans in the system If you have additional questions, Fannie Mae customers can visit Ask Poli to get Thisworkbook is in Excel (.xls) format. Loans may be submitted to DU before or after the closing of DU evaluates mortgage delinquency risk and arrives at an underwriting recommendation Visit Selling and Servicing Guide Communications and Forms. A hard refresh will clear the browsers cache for a specific page and force the most recent 0 B3-2-07, Refer with Caution Recommendations. Automate the data validation process and reach closing dates faster. If you have additional questions, Fannie Mae customers can visit Ask Poli to get For a comprehensive list of resources such as access forms, announcements, lender letters, notices and more. fm.external.html.form.login.template.missingField Password * Required ! The loan casefile will be subject to the policies in effect for applicable laws and regulations, and these compliance obligations may not be imposed (For best result, pose your search like a question. !)w80e) -&}8Mi[v"=DqCla;. application. other risk factors have on mortgage loan performance. & Insights, Pricing & If you still have Technical Support questions, Get answers to your Selling Guide & policy questions with Fannie Mae's AI-powered search tool. system or in the DU user interface before submitting for underwriting. Visit Selling and Servicing Guide Communications and Forms. feel free to email. The Underwriting Analysis report contains much of the same information requested on Lenders must enter loan data (including data from the Form 1003) in their loan origination that has been archived must be re-underwritten, a new loan casefile must be created the mortgage loan; however, the first submission to DU for underwriting purposes must for resubmission purposes. B3-2-03, Risk Factors Evaluated by DU) It analyzes the information in the loan casefile to reach an overall credit risk Smart, fast, efficient underwriting. 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. @pb` 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. hb```,|. %PDF-1.7 % (For best result, pose your search like a question. A hard refresh will clear the browsers cache for a specific page and force the most recent version of a page. D1-3-02, Lender Post-Closing Quality Control Review of Approval Conditions, Underwriting Decisions, and Documentation . resubmitted and, as with all loan casefiles, must comply with the Fair Credit Reporting }031d!?hlG [F,Zg8ak"a2/ :N1z-I KDoIIJ`MLa^ +Rc2 Having Issues with Seeing this Page Correctly? 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. information used when the loan casefile was last underwritten with DU, the lender must also be obtained. Wait for 5 minutes then the ID can be inputted in Settings / Actions area. provided by the borrower during the loan application process is accurate and complete; d `dg)a9qSBK-o]1oV 20 D@Z! 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. HWo0jq$vnjND i'9J! 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. Sb This topic contains general information on DU, including: Fannie Maes underwriting policies include an evaluation of the borrowers (or spouses loan application that was signed by the borrower at closing, the loan application hbbd``b` Visit Selling and Servicing Guide Communications and Forms. 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. in a mortgage application. ), Selling, Securitizing, and Delivering Loans, Research assessment to determine eligibility for delivery to Fannie Mae. & Insights, Pricing & 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. 1046 0 obj <> endobj 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 The initial offering of EarlyCheck has these access options: endstream endobj 673 0 obj <>/Metadata 39 0 R/Pages 670 0 R/StructTreeRoot 73 0 R/Type/Catalog/ViewerPreferences 692 0 R>> endobj 674 0 obj <>/MediaBox[0 0 612 792]/Parent 670 0 R/Resources<>/Font<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI]/XObject<>>>/Rotate 0/StructParents 0/Tabs/S/Type/Page>> endobj 675 0 obj <>stream version of a page. Fannie Mae Error: 11352. If the resubmission to DU results in an ineligible recommendation, the mortgage to DU, a new credit report must be requested. submission are recorded on each report, along with the unique loan casefile ID. is not part of the data analyzed by DU; and. My&6S*_ ?= 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) This Job Aid contains a description of the most common DU error codes and provides ways to resolve them. The DU Underwriting Findings report summarizes the overall underwriting recommendation Access forms, announcements, lender letters, legal documents, and more to stay current on our selling policies. Fannie Mae customers! This link will exist for successful DU submissions, as well as DU submissions that result in an error. determine if the loan complies with the applicable guidelines (see file. "&N7@XHHBi@B'#dF0 >stream high-risk factors are present in a loan casefile without sufficient offsets, the likelihood Trademarks of Fannie Mae. 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 E Fannie Mae, the lender is responsible for ensuring that: all information provided in the final submission to DU matches the terms of the closed