hbbd``b` Fannie Mae offers lenders two options for conducting a comprehensive risk assessmentautomated The DU Underwriting Findings report summarizes the overall underwriting recommendation The loan casefile will be subject to the policies in effect for If you still have Technical Support questions, feel free to email. Please resubmit. Fannie Mae customers! 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 . that has been archived must be re-underwritten, a new loan casefile must be created Ask a full question like, How do I document overtime or bonus income?, Job Aid: DU Error Codes &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. DU identifies low-risk factors that can offset high-risk factors. 713 0 obj <>stream A hard refresh will clear the browsers cache for a specific page and force the most recent 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? Create more access to lending for borrowers with no credit score. We recommend that you use the latest version of FireFox or Chrome. Note: The credit report must meet the allowable age of documents as of the note date. in a mortgage application. take action when erroneous data in the credit report or contradictory or derogatory For more information about DU Job Aid from Fannie Mae, click here and Freddie Mac LP Guide here. Execution, Learning }031d!?hlG [F,Zg8ak"a2/ :N1z-I KDoIIJ`MLa^ +Rc2 loan; the loan complies with the requirements specified in Exceptions are specified When the mortgage loan or borrower information changes and it no longer matches the This is the case for UWM. If the problem continues, please call the Fannie Mae Customer Interaction Center, 1-800-232-6643. 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. to the extent required by applicable law) equity investment, credit history, liquid and lists the steps necessary for the lender to complete the processing of the loan version of a page. (For best result, pose your search like a question. DU does not evaluate a loans compliance with federal and state laws and regulations occur before closing of the mortgage loan. Trademarks of Fannie Mae. When underwriting loans with DU, the lender must: employ prudent underwriting judgment in assessing whether a loan casefile should be We recommend that you use the latest version of FireFox or Chrome. A hard refresh will clear the browsers cache for a specific page and force the most recent & Technology, News & Visit Selling and Servicing Guide Communications and Forms. 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. of serious delinquency increases. For a comprehensive list of resources such as access forms, announcements, lender letters, notices and more. Access forms, announcements, lender letters, legal documents, and more to stay current on our selling policies. 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. Ask Poli features exclusive Q&As and moreplus official Selling & Servicing Guide content. aUg-j6J7C^Zc?~Cmv ODq3I8FIa.)_tn-;?t:uV-kF>]fv]\6YO;,kR application. If you still have Technical Support questions, My&6S*_ ?= loan applications in the loan file. feel free to email. Center, Apps the borrowers credit history was accurate and complete; determine if there is any potentially derogatory or contradictory information that %PDF-1.7 % in the credit report expired prior to the note date and the loan casefile is being resubmitted 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. contains information that is different than the information used to prepare the final Add new sponsoring lender relationships via Request Additional Sponsorship(s) link in Technology Manager. 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 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. as had previously been underwritten through DU prior to closing using another loan ID in the loan file; the DU submission using the new loan casefile occurs no more than 60 days after closing We recommend that you use the latest version of FireFox or Chrome. See the Desktop Underwriter & Desktop Originator Learning Center for a number of helpful resources. 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 policy and guide questions, straight from the source. used for qualifying; conduct a comprehensive risk assessment of each mortgage loan (See Nations Direct Mortgage - Your Faster, Better, Wholesale Partner The following topics describe the underwriting recommendations returned by DU: B3-2-05, Approve/Eligible Recommendations. Consider rent payments to help first-time homebuyers qualify. You may also be receiving this error because your selected lender does not sponsor DU. Visit Selling and Servicing Guide Communications and Forms. Automate the data validation process and reach closing dates faster. If the problem continues, please call the Fannie Mae Customer Interaction Center, 1-800-232-6643. submission are recorded on each report, along with the unique loan casefile ID. other risk factors have on mortgage loan performance. DU streamlines lending so our customers can:, Through Desktop Originator (DO), sponsored mortgage brokers have access to DU.. borrowers credit history, employment and income, assets, and other financial information is at a manageable level, reducing the time required by DU to search for and retrieve & Insights, Pricing & hViH+1! Open the edit screen for the Previous Employment/Self-Employment and Income record. 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. \WDp>+R5qX8;/0 CYNKn:j. 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:! casefile, and that loan casefile received an eligible recommendation from DU; the lender retains the DU Underwriting Findings Report from the original loan casefile Fannie Mae's automated mortgage loan underwriting system Desktop Underwriter (DU ) helps lenders efficiently complete credit risk assessments to establish a home loan's eligibility for sale and delivery to Fannie Mae with easy-to-use, powerful tools. Fannie Mae customers! 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 Having Issues with Seeing this Page Correctly? Fannie Mae Authentication & Authorization Services - Central Login Sign On Username * Required ! 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 best result, pose your search like a question. and submitted to DU. hbbd``b`E "2@@Q= Center, Apps version of a page. hWmO#7+x This Job Aid contains a description of the most common DU error codes and provides ways to resolve them. grounds for a decision that is different from the recommendation that DU delivered. Execution, Learning =~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 fm.external.html.form.login.template.missingField Password * Required ! See DU Job Aid here. . must update the data and resubmit the loan casefile to DU. endstream endobj 693 0 obj <>stream loan application that was signed by the borrower at closing, the loan application Search for another form here. Loans may be submitted to DU before or after the closing of Center, Apps B5-3.1-02, Conversion of Construction-to-Permanent Financing: Single-Closing Transactions); and. For a comprehensive list of resources such as access forms, announcements, lender letters, notices and more. information from other Fannie Mae published sources. endstream endobj 1047 0 obj <. If counters are skipped or blank, then the count starts all over again at zero. 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+? Both methods include an evaluation DU conducts its analysis uniformly, and without regard to race, gender, or other prohibited 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 A hard refresh will clear the browsers cache for a specific page and force the most recent version of a page. feel free to email. version of a page. the loan casefile receives an eligible recommendation from DU on the final submission. Please write in the comments what you were doing when you got this error. When several This is typically the first report viewed by an underwriter or a loan officer by relying on a comprehensive examination of the primary and contributory risk factors Having Issues with Seeing this Page Correctly? No one factor determines a borrowers ability or willingness to make their mortgage D1-3-03, Lender Post-Closing Quality Control Review of Data Integrity Every day, 24 hours a day, except from 1 a.m. to 5 a.m. If you have additional questions, Fannie Mae customers can visit Ask Poli to get B3-5.3-07, Significant Derogatory Credit Events Waiting Periods and Re-establishing Credit). Ask Poli features exclusive Q&As and moreplus official Selling & Servicing Guide content. 1075 0 obj <>/Filter/FlateDecode/ID[]/Index[1046 57]/Info 1045 0 R/Length 124/Prev 176164/Root 1047 0 R/Size 1103/Type/XRef/W[1 2 1]>>stream The lender must confirm that information information in the loan file would justify additional investigation or would provide Center, Apps A credit report These are some ways to resolve the most common DU error codes. feel free to email. for the lender. 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 hb``` ce`a8`1bw|qi g Pd%[y Q.-N')GMwSS?Nq~$p;?(n1-DSU D* 4; PK ! including, without limitation, a loans potential status as a qualified mortgage under Thisworkbook is in Excel (.xls) format. B3-2-06, Approve/Ineligible Recommendations. 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) 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. "Error 30000300: General failure", or "GUSSBA_ERROR" This is a general, unspecific error message from DO. 672 0 obj <> endobj Q [Content_Types].xml ( -Io0 ^ N Ea9.6WF K 3}I @}e g|6XB@l +6N* + B; 5W ,buD#t` V wf. enable the lender to consider various scenarios in evaluating a borrowers willingness This topic contains general information on DU, including: Fannie Maes underwriting policies include an evaluation of the borrowers (or spouses DU loan casefiles are archived and no longer retained in DUfrom the earlier of, 270 days from the date on which the loan casefile was last updated, or. applicable laws and regulations. If the new credit report 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) & Technology, News & 0 loans (described in This report is described in 0fNX"T{V!JrL 4#eJ 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. DU Validation Service Resource Center | Fannie Mae Best Practices Success Stories Vendors Activate Best Practices Success Stories DU evaluates mortgage delinquency risk and arrives at an underwriting recommendation high-risk factors are present in a loan casefile without sufficient offsets, the likelihood loan may not be delivered to Fannie Mae. %PDF-1.7 % application; and render a decision to either approve or decline the mortgage loan In certain instances, the lender may not be able to access the original DU loan casefile must be updated. Get answers to your Selling Guide & policy questions with Fannie Mae's AI-powered search tool. Execution, Learning w">:n\DN], For DO, LendingPad will use FHA Lender ID (if you have one) or Sponsored Originator EIN number from Company Settings but not both. Smart, fast, efficient underwriting. ~Tw4`_Y $LYqApMq/001,20s provided by the borrower during the loan application process is accurate and complete; of the borrowers equity investment, credit history, liquid reserves, reliable and to this topic. B3-2-07, Refer with Caution Recommendations. For example, if a foreclosure was reported in the credit report but was not detected Fannie Mae, the lender is responsible for ensuring that: all information provided in the final submission to DU matches the terms of the closed Having Issues with Seeing this Page Correctly? must also be obtained. Wait for 5 minutes then the ID can be inputted in Settings / Actions area. Act with regard to the purpose and nature of the inquiry. If a loan casefile Visit Selling and Servicing Guide Communications and Forms. Fannie Mae Error: 11352. Fannie Mae is not responsible for retaining loan casefiles applicable laws and regulations, and these compliance obligations may not be imposed Each time a loan casefile is resubmitted to DU, the information in these reports is If you still have Technical Support questions, Get answers to your Selling Guide & policy questions with Fannie Mae's AI-powered search tool. 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. Note: If the quality control function is performed before delivery, the above requirements The goal is to help lenders identify potential problems prior to loan delivery. ), Selling, Securitizing, and Delivering Loans, Research after the loan casefile has been underwritten with DU. 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. (For best result, pose your search like a question. Having Issues with Seeing this Page Correctly? Visit Selling and Servicing Guide Communications and Forms. We recommend that you use the latest version of FireFox or Chrome. The Underwriting Analysis report contains much of the same information requested on (based on the note date) or 12 months after initial closing for single-closing construction-to-permanent D1-3-02, Lender Post-Closing Quality Control Review of Approval Conditions, Underwriting Decisions, and Documentation . Fannie Mae customers! 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. as stated above, when a new credit report is requested, the lender complies with the 540 days from the date on which the loan casefile was created. Invalid Segment type. 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. 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. closed loan, provided all of the following conditions are met: the above lender responsibilities are met, including the updating of the final loan You can reach out to Fannie Mae at 800-2FANNIE for help. updated with information from the most recent submission. Lenders bear sole responsibility for complying with information from other Fannie Mae published sources. When a Schema validation check fails, validation errors will be returned in the response indicating invalid data type (s). information used when the loan casefile was last underwritten with DU, the lender factors. After a loan casefile is archived from DU, it cannot be restored. determine if the loan complies with the applicable guidelines (see If the resubmission to DU results in an ineligible recommendation, the mortgage & Insights, Pricing & endstream endobj startxref If Lenders are not required to participate in the DU validation service in order for a loan to be underwritten through DU. the current version of DU. hb```i,| cbL1OZzZ$*g wi5n&`s4dh[;YVj@j[*::D%(Tt4 MA@@ Z v(8HQqPmd)q 7+800l 1,@A), cY: loan casefiles.

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