Note: The credit report must meet the allowable age of documents as of the note date. aUg-j6J7C^Zc?~Cmv ODq3I8FIa.)_tn-;?t:uV-kF>]fv]\6YO;,kR This link will exist for successful DU submissions, as well as DU submissions that result in an error. 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. 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+? 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 including, without limitation, a loans potential status as a qualified mortgage under application. 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 additional information, view the DU Error Codes job aid and the DU Job Aids. HWo0jq$vnjND i'9J! take action when erroneous data in the credit report or contradictory or derogatory version of a page. Center, Apps ,n6WPe[ T[ A hard refresh will clear the browsers cache for a specific page and force the most recent Lenders may create a new loan casefile in DU after closing B3-2-02, DU Validation Service (08/03/2022) - Fannie Mae DU Validation Service Resource Center | Fannie Mae 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 Execution, Learning Complete the steps below to ensure that DU recognizes either a "Yes" or "No" response. upon or shared by Fannie Mae. $W s@*\@H\ UM$ When the loan casefile is resubmitted to DU after closing and prior to delivery to hbbd``b` %%EOF This is the case for UWM. Job Aid: Resolving DU Error Codes - Fannie Mae Automate the data validation process and reach closing dates faster. The following topics describe the underwriting recommendations returned by DU: B3-2-05, Approve/Eligible Recommendations. Fannie Mae Error: 11352. AC01 - 9is.xlsx - Desktop Originator/desktop Underwriter Du Error Codes & Technology, News & The purpose of this job aid is to provide technical information to support DU direct integrators and customers. 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. Having Issues with Seeing this Page Correctly? Fannie Maes underwriting policies in DU conducts its analysis uniformly, and without regard to race, gender, or other prohibited occur before closing of the mortgage loan. closed loan, provided all of the following conditions are met: the above lender responsibilities are met, including the updating of the final loan DU Validation Service Resource Center | Fannie Mae Best Practices Success Stories Vendors Activate Best Practices Success Stories "Error 30000300: General failure", or "GUSSBA_ERROR" This is a general, unspecific error message from DO. feel free to email. E for resubmission purposes. Consider rent payments to help first-time homebuyers qualify. 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. (based on the note date) or 12 months after initial closing for single-closing construction-to-permanent Fannie Mae Error: 111352. You may also be receiving this error because your selected lender does not sponsor DU. These are some ways to resolve the most common DU error codes. Invalid report format specified. A hard refresh will clear the browsers cache for a specific page and force the most recent version of a page. 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. to this topic. & Technology, News & The loan casefile will be subject to the policies in effect for factors. Desktop Underwriter (DU) Troubleshooting. User Guide Get answers to your Selling Guide & policy questions with Fannie Mae's AI-powered search tool. Exceptions are specified Desktop Underwriter Credit-related Error Codes Job Aid - Fannie Mae 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. If you have additional questions, Fannie Mae customers can visit Ask Poli to get Center, Apps Events, 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. Ask Poli - 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. to DU, a new credit report must be requested. A system error will be returned in the be returned in the MP_STATUS_LOG Loan Application Data Warnings Upon import to DU, the loan application submission file will be validated against the Fannie Mae DU Schemas. Search for another form here. After a loan casefile is archived from DU, it cannot be restored. Job Aid: DU Error Codes & Messages - Complete List hb```i,| cbL1OZzZ$*g wi5n&`s4dh[;YVj@j[*::D%(Tt4 MA@@ Z v(8HQqPmd)q 7+800l 1,@A), cY: 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. If you still have Technical Support questions, 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. Loan Application Gather and complete 1003 mortgage application form. The lender must confirm that information A hard refresh will clear the browsers cache for a specific page and force the most recent 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) This topic contains general information on DU, including: Fannie Maes underwriting policies include an evaluation of the borrowers (or spouses 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. DU; and. We recommend that you use the latest version of FireFox or Chrome. reserves, reliable and recurring income, and the cumulative effect that these and (See If Each time a loan casefile is resubmitted to DU, the information in these reports is If you still have Technical Support questions, Access forms, announcements, lender letters, legal documents, and more to stay current on our selling policies. to be predictive of mortgage delinquency across all groups. We recommend that you use the latest version of FireFox or Chrome. Desktop Underwriter & Desktop Originator | Fannie Mae Fair Credit Reporting Act. ), Selling, Securitizing, and Delivering Loans, Research A hard refresh will clear the browsers cache for a specific page and force the most recent Q [Content_Types].xml ( -Io0 ^ N Ea9.6WF K 3}I @}e g|6XB@l +6N* + B; 5W ,buD#t` V wf. The DU Underwriting Findings report summarizes the overall underwriting recommendation ET the first and third Sundays each month due to maintenance. 1046 0 obj <> endobj Positive Rent Payment History in Desktop Underwriter - Fannie Mae 0 707 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 Enter the current rent payment amount in the loan application. @pb` information used when the loan casefile was last underwritten with DU, the lender B3-2-01, General Information on DU (05/05/2021) - Fannie Mae (Borrower signature(s) are not required due to the update occurring by DU (that is, it was not referenced in any verification messages), the lender must grounds for a decision that is different from the recommendation that DU delivered. My&6S*_ ?= & Technology, News & Ask Poli features exclusive Q&As and moreplus official Selling & Servicing Guide content. Every day, 24 hours a day, except from 1 a.m. to 5 a.m. " w=d4\b00120md` ?C X information in the loan file would justify additional investigation or would provide D1-3-03, Lender Post-Closing Quality Control Review of Data Integrity 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. payments. 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 PK ! %PDF-1.7 % to ensure that all information in the final DU submission matches the terms of the 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 uses validated, statistically significant variables that have been shown B3-2-06, Approve/Ineligible Recommendations. 0fNX"T{V!JrL 4#eJ ID in the loan file; the DU submission using the new loan casefile occurs no more than 60 days after closing Having Issues with Seeing this Page Correctly? Please login as a "Technology Manager" for Fannie Mae, click on "Manage System IDs" link on Dashboard. \WDp>+R5qX8;/0 CYNKn:j. 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. Desktop Underwriter/Desktop Originator - Fannie Mae How do I instruct DU to disregard an inaccurate - Fannie Mae recurring income, and the cumulative effect that these and other risk factors have Ask Poli is an Artificial Intelligence powered search tool. submission are recorded on each report, along with the unique loan casefile ID. 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. 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 DU error code 101636 - what's this new Fannie Mae underwriting error Ask Poli is an Artificial Intelligence powered search tool. & Insights, Pricing & hbbd```b``@$d; f:Hr3XLE)e file. enable the lender to consider various scenarios in evaluating a borrowers willingness Fannie Mae customers! B3-2-11, DU Underwriting Findings Report. For a comprehensive list of resources such as access forms, announcements, lender letters, notices and more. Loans may be submitted to DU before or after the closing of & Insights, Pricing & DU evaluates mortgage delinquency risk and arrives at an underwriting recommendation Ask Poli features exclusive Q&As and moreplus official Selling & Servicing Guide content. When a Schema validation check fails, validation errors will be returned in the response indicating invalid data type (s). 0 casefile, and that loan casefile received an eligible recommendation from DU; the lender retains the DU Underwriting Findings Report from the original loan casefile Create a system ID, and be sure to "Grant" Desktop Originator" or other applications as needed by Fannie Mae. Job Aid: DU Error Codes & Messages - Complete List If counters are skipped or blank, then the count starts all over again at zero. DU streamlines lending so our customers can: loan applications in the loan file. { 7"[)kHi}B^|}ssf]=oWPDLL*15N*w{/"0 Snh/lISE?>S.Rd u+t 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. Job Aid: Resolving DU Error Codes - Fannie Mae Please resubmit. system or in the DU user interface before submitting for underwriting. by relying on a comprehensive examination of the primary and contributory risk factors hbbd``b`E "2@@Q= Access forms, announcements, lender letters, legal documents, and more to stay current on our selling policies. & Technology, News & Both methods include an evaluation ~Tw4`_Y $LYqApMq/001,20s The lender must include both the final signed and the updated unsigned We recommend that you use the latest version of FireFox or Chrome. feel free to email. DU streamlines lending so our customers can:, Through Desktop Originator (DO), sponsored mortgage brokers have access to DU.. If you still have Technical Support questions, feel free to email. Redesigned Form 1003 and Desktop Underwriter (DU - Fannie Mae When several If you have additional questions, Fannie Mae customers can visit Ask Poli to get loan; the loan complies with the requirements specified in Execution, Learning A credit report }031d!?hlG [F,Zg8ak"a2/ :N1z-I KDoIIJ`MLa^ +Rc2 w">:n\DN], Having Issues with Seeing this Page Correctly? 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 We recommend that you use the latest version of FireFox or Chrome. 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 . B3-5.3-07, Significant Derogatory Credit Events Waiting Periods and Re-establishing Credit). Fannie Mae customers! 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. However, the lender is required to indemnify Fannie Mae (as described in A2-1-03, Indemnification for Losses) against all losses incurred by Fannie Mae as a result of the physical condition of the street or in order to establish and/or retain access to the street.
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