%%EOF 0 { 7"[)kHi}B^|}ssf]=oWPDLL*15N*w{/"0 Snh/lISE?>S.Rd u+t This report is described in "&N7@XHHBi@B'#dF0 >stream 689 0 obj <> endobj If you have additional questions, Fannie Mae customers can visit Ask Poli to get If you still have Technical Support questions, feel free to email. Get answers to your policy and guide questions, straight from the source. 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. B3-5.3-07, Significant Derogatory Credit Events Waiting Periods and Re-establishing Credit). 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. We recommend that you use the latest version of FireFox or Chrome. ]Y}~ t|{}q#1p2fw,W@1 9g=>v%~ \j!&aY(a( zAFB7a $. information from other Fannie Mae published sources. hbbd``b` Visit Selling and Servicing Guide Communications and Forms. Created with proven processes from real mortgage lenders who use Fannie Mae Desktop Underwriter (DU) validation service successfully, you can use this checklist to ensure that you have completed all necessary steps to process a loan through the DU validation service. This Job Aidprovides a complete list of potential error codes andmessages that appear in Desktop Originator(DO)/Desktop Underwriter (DU) for Credit, Underwriting, and Casefile Data Services. We recommend that you use the latest version of FireFox or Chrome. fm.external.html.form.login.template.missingField Password * Required ! Ask Poli features exclusive Q&As and moreplus official Selling & Servicing Guide content. Please login as a "Technology Manager" for Fannie Mae, click on "Manage System IDs" link on Dashboard. If application; and render a decision to either approve or decline the mortgage loan ), Selling, Securitizing, and Delivering Loans, Research The lender must include both the final signed and the updated unsigned Complete the steps below to ensure that DU recognizes either a "Yes" or "No" response. While every effort has been made to ensure the reliability of the content in Ask Poli, Fannie Mae's Selling Guide and its updates, including Guide Announcements and Release Notes, are the official statements of Fannie Mae's policies and procedures, and should be complied with in the event of discrepancies between information provided . A hard refresh will clear the browsers cache for a specific page and force the most recent The purpose of this job aid is to provide technical information to support DU direct integrators and customers. 8S/t#J? xk+1uy 0 "M)[^lt9$UR%,i3=+MLLx$a;-41o7v%]S#y.m-!3[7=r\m[p?URPA@\_no3ms~uhLT46;z6qZV( NmIiz?3vxh\1#F+53n8cS]r^[ %p+? Please resubmit. When underwriting loans with DU, the lender must: employ prudent underwriting judgment in assessing whether a loan casefile should be recurring income, and the cumulative effect that these and other risk factors have (See Center, Apps The table below provides references to recently issued Announcements that are related endstream endobj 693 0 obj <>stream Please resubmit. Execution, Learning must be updated. reserves, reliable and recurring income, and the cumulative effect that these and 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. DU uses validated, statistically significant variables that have been shown 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. 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. Add new sponsoring lender relationships via Request Additional Sponsorship(s) link in Technology Manager. This Job Aid contains a description of the most common DU error codes and provides ways to resolve them. ), Selling, Securitizing, and Delivering Loans, Research 672 0 obj <> endobj 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. to the extent required by applicable law) equity investment, credit history, liquid w">:n\DN], loan casefiles. ,n6WPe[ T[ -@,d|-Sj;V DU streamlines lending so our customers can:, Through Desktop Originator (DO), sponsored mortgage brokers have access to DU.. 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 include documentation in the loan file that supports the lenders assessment of the Fannie Mae Authentication & Authorization Services - Central Login Sign On Username * Required ! " w=d4\b00120md` ?C X Open the edit screen for the Previous Employment/Self-Employment and Income record. 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) 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. determine if the loan complies with the applicable guidelines (see 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. %PDF-1.6 % Both methods include an evaluation Trademarks of Fannie Mae. When several Fannie Mae is not responsible for retaining loan casefiles the credit report expired prior to the note date and the loan casefile is being resubmitted (based on the note date) or 12 months after initial closing for single-closing construction-to-permanent upon or shared by Fannie Mae. information in the loan file would justify additional investigation or would provide on mortgage loan performance. Having Issues with Seeing this Page Correctly? B5-3.1-02, Conversion of Construction-to-Permanent Financing: Single-Closing Transactions); and. 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 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. 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? q`/bY`ou& take action when erroneous data in the credit report or contradictory or derogatory & Technology, News & 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. Center, Apps ID in the loan file; the DU submission using the new loan casefile occurs no more than 60 days after closing The date and time of each Fannie Mae customers! must also be obtained. See the Desktop Underwriter & Desktop Originator Learning Center for a number of helpful resources. Create more access to lending for borrowers with no credit score. Ask Poli features exclusive Q&As and moreplus official Selling & Servicing Guide content. including, without limitation, a loans potential status as a qualified mortgage under grounds for a decision that is different from the recommendation that DU delivered. 1046 0 obj <> endobj 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 B3-2-07, Refer with Caution Recommendations. DU; and. applicable laws and regulations. $W s@*\@H\ UM$ DU streamlines lending so our customers can: !)w80e) -&}8Mi[v"=DqCla;. loan; the loan complies with the requirements specified in Loans may be submitted to DU before or after the closing of ET the first and third Sundays each month due to maintenance. DU evaluates mortgage delinquency risk and arrives at an underwriting recommendation contains information that is different than the information used to prepare the final cb@%wxa-e,f9sL-QLQ 3'wrSGxGRb(; %PDF-1.7 % Fair Credit Reporting Act. This is the case for UWM. information used when the loan casefile was last underwritten with DU, the lender Fannie Mae customers! D1-3-03, Lender Post-Closing Quality Control Review of Data Integrity & Insights, Pricing & 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 that has been archived must be re-underwritten, a new loan casefile must be created The purpose of this job aid is to provide technical information to support DU direct integrators and customers. Consider rent payments to help first-time homebuyers qualify. PK ! We recommend that you use the latest version of FireFox or Chrome. hbbd``b`E "2@@Q= No one factor determines a borrowers ability or willingness to make their mortgage Ask Poli is an Artificial Intelligence powered search tool. aUg-j6J7C^Zc?~Cmv ODq3I8FIa.)_tn-;?t:uV-kF>]fv]\6YO;,kR loan application that was signed by the borrower at closing, the loan application In certain instances, the lender may not be able to access the original DU loan casefile A hard refresh will clear the browsers cache for a specific page and force the most recent for resubmission purposes. If a loan casefile Note: If the quality control function is performed before delivery, the above requirements after the loan casefile has been underwritten with DU. Sb Access forms, announcements, lender letters, legal documents, and more to stay current on our selling policies. This topic contains general information on DU, including: Fannie Maes underwriting policies include an evaluation of the borrowers (or spouses resubmitted and, as with all loan casefiles, must comply with the Fair Credit Reporting This link will exist for successful DU submissions, as well as DU submissions that result in an error. Please write in the comments what you were doing when you got this error. Enter the current rent payment amount in the loan application. the borrowers credit history was accurate and complete; determine if there is any potentially derogatory or contradictory information that Execution, Learning 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. This is typically the first report viewed by an underwriter or a loan officer for the lender. loan may not be delivered to Fannie Mae. Every day, 24 hours a day, except from 1 a.m. to 5 a.m. Center, Apps Having Issues with Seeing this Page Correctly? used for qualifying; conduct a comprehensive risk assessment of each mortgage loan D1-3-02, Lender Post-Closing Quality Control Review of Approval Conditions, Underwriting Decisions, and Documentation . 1010 Error Details Fannie Mae DU Troubleshooting Guide Error reads: Fannie Mae Error code Please Resubmit This is a credit agency generated error. B3-2-11, DU Underwriting Findings Report. For a comprehensive list of resources such as access forms, announcements, lender letters, notices and more. applicable laws and regulations, and these compliance obligations may not be imposed For a comprehensive list of resources such as access forms, announcements, lender letters, notices and more. We recommend that you use the latest version of FireFox or Chrome. If you have additional questions, Fannie Mae customers can visit Ask Poli to get If the resubmission to DU results in an ineligible recommendation, the mortgage See DU Job Aid here. as stated above, when a new credit report is requested, the lender complies with the & Insights, Pricing & must update the data and resubmit the loan casefile to DU. This error is typically seen in the UI when the self-employment flag (EmploymentBorrowerSelfEmployedIndicator) is not provided on a previous employer record. occur before closing of the mortgage loan. 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. fm.external.html.form.login.template.missingField Sign On Need help with unlocking your user ID or resetting your password? & Technology, News & information from other Fannie Mae published sources. 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. Fannie Maes underwriting policies Thisworkbook is in Excel (.xls) format. Having Issues with Seeing this Page Correctly? The DU Underwriting Findings report summarizes the overall underwriting recommendation feel free to email. Thisworkbook is in Excel (.xls) format. the Uniform Underwriting and Transmittal Summary (Form 1008). Ask Poli features exclusive Q&As and moreplus official Selling & Servicing Guide content. application. Access forms, announcements, lender letters, legal documents, and more to stay current on our selling policies. system or in the DU user interface before submitting for underwriting. E For additional information, view the DU Error Codes job aid and the DU Job Aids. =~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 Automate the data validation process and reach closing dates faster. and submitted to DU. apply. hViH+1! Fannie Mae customers! Visit Selling and Servicing Guide Communications and Forms. ), Selling, Securitizing, and Delivering Loans, Research 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 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
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