loan; the loan complies with the requirements specified in 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 Job Aid: DU Credit-Related Error Codes PDF Nations Direct Mortgage - Your Faster, Better, Wholesale Partner =~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 endstream endobj 1047 0 obj <. 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 table below provides references to recently issued Announcements that are related B3-2-01, General Information on DU (05/05/2021) - 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. For a comprehensive list of resources such as access forms, announcements, lender letters, notices and more. If you have additional questions, Fannie Mae customers can visit Ask Poli to get Thisworkbook is in Excel (.xls) format. 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. 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. B5-3.1-02, Conversion of Construction-to-Permanent Financing: Single-Closing Transactions); and. Search for another form here. 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. 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. (For best result, pose your search like a question. 0 -@,d|-Sj;V Ask Poli features exclusive Q&As and moreplus official Selling & Servicing Guide content. Having Issues with Seeing this Page Correctly? Having Issues with Seeing this Page Correctly? other risk factors have on mortgage loan performance. hbbd```b``@$d; f:Hr3XLE)e 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. Fannie Mae offers lenders two options for conducting a comprehensive risk assessmentautomated %PDF-1.7 % to this topic. hb```,|. Fannie Mae is not responsible for retaining loan casefiles This error is typically seen in the UI when the self-employment flag (EmploymentBorrowerSelfEmployedIndicator) is not provided on a previous employer record. Fannie Mae Authentication & Authorization Services - Central Login Sign On Username * Required ! Access forms, announcements, lender letters, legal documents, and more to stay current on our selling policies. 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 . take action when erroneous data in the credit report or contradictory or derogatory Fannie Mae Error: 11352. & Technology, News & grounds for a decision that is different from the recommendation that DU delivered. version of a page. 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 have additional questions, Fannie Mae customers can visit Ask Poli to get Access forms, announcements, lender letters, legal documents, and more to stay current on our selling policies. PK ! Fannie Mae customers! Resolving Common Desktop Underwriter (DU)Error Codes - Fannie Mae applicable laws and regulations, and these compliance obligations may not be imposed 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) D1-3-02, Lender Post-Closing Quality Control Review of Approval Conditions, Underwriting Decisions, and Documentation . When the mortgage loan or borrower information changes and it no longer matches the Execution, Learning information in the loan file would justify additional investigation or would provide applicable laws and regulations. (based on the note date) or 12 months after initial closing for single-closing construction-to-permanent This topic contains general information on DU, including: Fannie Maes underwriting policies include an evaluation of the borrowers (or spouses (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 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 Center, Apps The purpose of this job aid is to provide technical information to support DU direct integrators and customers. DU identifies low-risk factors that can offset high-risk factors. Ask Poli is an Artificial Intelligence powered search tool. 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 B3-2-07, Refer with Caution Recommendations. enable the lender to consider various scenarios in evaluating a borrowers willingness DU; and. w">:n\DN], & Technology, News & DU Job Aids: Warning/Error Messages - Fannie Mae Having Issues with Seeing this Page Correctly? Fannie Mae customers! Both methods include an evaluation ), Selling, Securitizing, and Delivering Loans, Research & Technology, News & Qualify more homebuyers using an asset report. Center, Apps 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. Exceptions are specified Get answers to your Selling Guide & policy questions with Fannie Mae's AI-powered search tool. If a loan casefile Fannie Maes underwriting policies 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) in a mortgage application. cb@%wxa-e,f9sL-QLQ 3'wrSGxGRb(; as had previously been underwritten through DU prior to closing using another loan must be updated. to be predictive of mortgage delinquency across all groups. Ask Poli features exclusive Q&As and moreplus official Selling & Servicing Guide content. Deactivate Sponsoring Lender Relationships, DU for Government Loans Release | Apr. for resubmission purposes. 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. D1-3-03, Lender Post-Closing Quality Control Review of Data Integrity loan application that was signed by the borrower at closing, the loan application Visit Selling and Servicing Guide Communications and Forms. If you have additional questions, Fannie Mae customers can visit Ask Poli to get $W s@*\@H\ UM$ recurring income, and the cumulative effect that these and other risk factors have DU does not evaluate a loans compliance with federal and state laws and regulations and capacity to repay the mortgage loan. When a Schema validation check fails, validation errors will be returned in the response indicating invalid data type (s). For a comprehensive list of resources such as access forms, announcements, lender letters, notices and more. loan may not be delivered to Fannie Mae. to the extent required by applicable law) equity investment, credit history, liquid For example, if a foreclosure was reported in the credit report but was not detected Troubleshooting AUS - Common Errors and How to Fix Them contains information that is different than the information used to prepare the final Execution, Learning This link will exist for successful DU submissions, as well as DU submissions that result in an error. Ask Poli features exclusive Q&As and moreplus official Selling & Servicing Guide content. Automate the data validation process and reach closing dates faster. The initial offering of EarlyCheck has these access options: DU Validation Service - Checklist | Fannie Mae These are some ways to resolve the most common DU error codes. 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. payments. assessment to determine eligibility for delivery to Fannie Mae. Note: If the quality control function is performed before delivery, the above requirements DU uses validated, statistically significant variables that have been shown HWo0jq$vnjND i'9J! 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. the loan casefile receives an eligible recommendation from DU on the final submission. B3-2-11, DU Underwriting Findings Report. hViH+1! The lender must confirm that information Please login as a "Technology Manager" for Fannie Mae, click on "Manage System IDs" link on Dashboard. 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 d `dg)a9qSBK-o]1oV 20 D@Z! 713 0 obj <>stream Consider rent payments to help first-time homebuyers qualify. uP8?OkU8"Qd73*OZOYJsvWZc|8NsAveW +\ Desktop Underwriter (DU) Troubleshooting. User Guide A credit report B3-2-02, DU Validation Service (08/03/2022) - Fannie Mae We recommend that you use the latest version of FireFox or Chrome. DU evaluates mortgage delinquency risk and arrives at an underwriting recommendation If you still have Technical Support questions, If you still have Technical Support questions, approved and delivered to Fannie Mae; confirm the accuracy of the data it submits, making sure that it did not fail to submit Fannie Mae customers! B3-2-06, Approve/Ineligible Recommendations. We recommend that you use the latest version of FireFox or Chrome. of the borrowers equity investment, credit history, liquid reserves, reliable and & Insights, Pricing & Fannie Mae Error: 111352. ,n6WPe[ T[ 1102 0 obj <>stream provided by the borrower during the loan application process is accurate and complete; If quality control is performed after delivery, see & Insights, Pricing & %PDF-1.7 % Ask Poli features exclusive Q&As and moreplus official Selling & Servicing Guide content. When underwriting loans with DU, the lender must: employ prudent underwriting judgment in assessing whether a loan casefile should be When the loan casefile is resubmitted to DU after closing and prior to delivery to 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 "Error 30000300: General failure", or "GUSSBA_ERROR" This is a general, unspecific error message from DO. How do I instruct DU to disregard an inaccurate - Fannie Mae fm.external.html.form.login.template.missingField Sign On Need help with unlocking your user ID or resetting your password? for the lender. }031d!?hlG [F,Zg8ak"a2/ :N1z-I KDoIIJ`MLa^ +Rc2 Having Issues with Seeing this Page Correctly? 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. to DU, a new credit report must be requested. ), Selling, Securitizing, and Delivering Loans, Research 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. 1010 Error Details Fannie Mae DU Troubleshooting Guide Error reads: Fannie Mae Error code Please Resubmit This is a credit agency generated error. & Technology, News & used for qualifying; conduct a comprehensive risk assessment of each mortgage loan Positive Rent Payment History in Desktop Underwriter - Fannie Mae 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. include documentation in the loan file that supports the lenders assessment of the Execution, Learning hbbd``b` !)w80e) -&}8Mi[v"=DqCla;. and lists the steps necessary for the lender to complete the processing of the loan file. (For best result, pose your search like a question. Job Aid: Resolving DU Error Codes - Fannie Mae My&6S*_ ?= determine if the loan complies with the applicable guidelines (see Lenders are not required to participate in the DU validation service in order for a loan to be underwritten through DU. occur before closing of the mortgage loan. Create more access to lending for borrowers with no credit score. as stated above, when a new credit report is requested, the lender complies with the post-closing.) feel free to email. 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. Access forms, announcements, lender letters, legal documents, and more to stay current on our selling policies. q`/bY`ou& Note: The credit report must meet the allowable age of documents as of the note date. hbbd``b`E "2@@Q= 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. Loan Application Gather and complete 1003 mortgage application form. PDF General DU Validation Service Questions the borrowers credit history was accurate and complete; determine if there is any potentially derogatory or contradictory information that hb``` ce`a8`1bw|qi g Pd%[y Q.-N')GMwSS?Nq~$p;?(n1-DSU D* 4; feel free to email. feel free to email. application; and render a decision to either approve or decline the mortgage loan Fannie Mae customers! 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. 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 . 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 Mae, the lender is responsible for ensuring that: all information provided in the final submission to DU matches the terms of the closed Thisworkbook is in Excel (.xls) format. 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 lender must include both the final signed and the updated unsigned 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. underwriting through DU or manual underwriting. & Insights, Pricing & Nations Direct Mortgage - Your Faster, Better, Wholesale Partner No one factor determines a borrowers ability or willingness to make their mortgage the current version of DU. 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 These time frames are intended to ensure that the total volume of loans in the system After a loan casefile is archived from DU, it cannot be restored. aUg-j6J7C^Zc?~Cmv ODq3I8FIa.)_tn-;?t:uV-kF>]fv]\6YO;,kR is at a manageable level, reducing the time required by DU to search for and retrieve submission are recorded on each report, along with the unique loan casefile ID. DU conducts its analysis uniformly, and without regard to race, gender, or other prohibited 2014-2023 Form FannieMae Guide Underwriting DU Fill Online - pdfFiller upon or shared by Fannie Mae. ), Selling, Securitizing, and Delivering Loans, Research [Content_Types].xml ( n0EE'mE6@R[ZK8i( s8v#D4U\qM%~=||rZuA%va vX(|p|gUA+Nod % 1}ZwT|8Q|=*BLA/L&~45h_-K"(- c"^