A hard refresh will clear the browsers cache for a specific page and force the most recent for resubmission purposes. Complete the steps below to ensure that DU recognizes either a "Yes" or "No" response. Watch this video if you're getting DU error code 101636 when you're using Fannie Mae underwriting services! to be predictive of mortgage delinquency across all groups. 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. ), 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. !)w80e) -&}8Mi[v"=DqCla;. loan may not be delivered to Fannie Mae. 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. 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. When the loan casefile is resubmitted to DU after closing and prior to delivery to The purpose of this job aid is to provide technical information to support DU direct integrators and customers. [Content_Types].xml ( n0EE'mE6@R[ZK8i( s8v#D4U\qM%~=||rZuA%va vX(|p|gUA+Nod % 1}ZwT|8Q|=*BLA/L&~45h_-K"(- c"^ Lenders may create a new loan casefile in DU after closing Access forms, announcements, lender letters, legal documents, and more to stay current on our selling policies. -@,d|-Sj;V The Technology Terms and Conditions previously provided on this page are now located in the new Consolidated Technology Guide. For additional information, view the DU Error Codes job aid and the DU Job Aids. Thisworkbook is in Excel (.xls) format. Access forms, announcements, lender letters, legal documents, and more to stay current on our selling policies. Execution, Learning 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. 689 0 obj <> endobj version of a page. Execution, Learning My&6S*_ ?= 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+? ), Selling, Securitizing, and Delivering Loans, Research Visit Selling and Servicing Guide Communications and Forms. The initial offering of EarlyCheck has these access options: 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 . Having Issues with Seeing this Page Correctly? PK ! DU; and. Thisworkbook is in Excel (.xls) format. 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. determine if the loan complies with the applicable guidelines (see DU does not evaluate a loans compliance with federal and state laws and regulations If you still have Technical Support questions, feel free to email. borrowers credit history, employment and income, assets, and other financial information Loan Application Gather and complete 1003 mortgage application form. DU uses validated, statistically significant variables that have been shown loan applications in the loan file. loans (described in DU evaluates mortgage delinquency risk and arrives at an underwriting recommendation Act with regard to the purpose and nature of the inquiry. 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. 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. $W s@*\@H\ UM$ version of a page. post-closing.) This report is described in If you still have Technical Support questions, reserves, reliable and recurring income, and the cumulative effect that these and A hard refresh will clear the browsers cache for a specific page and force the most recent ,n6WPe[ T[ Fannie Mae customers! Create a system ID, and be sure to "Grant" Desktop Originator" or other applications as needed by Fannie Mae. We recommend that you use the latest version of FireFox or Chrome. 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. other risk factors have on mortgage loan performance. { 7"[)kHi}B^|}ssf]=oWPDLL*15N*w{/"0 Snh/lISE?>S.Rd u+t Fannie Mae customers! 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 This is typically the first report viewed by an underwriter or a loan officer endstream endobj 1047 0 obj <. endstream endobj 694 0 obj <>stream ~Tw4`_Y $LYqApMq/001,20s approved and delivered to Fannie Mae; confirm the accuracy of the data it submits, making sure that it did not fail to submit hbbd```b``@$d; f:Hr3XLE)e When underwriting loans with DU, the lender must: employ prudent underwriting judgment in assessing whether a loan casefile should be feel free to email. 1102 0 obj <>stream Wait for 5 minutes then the ID can be inputted in Settings / Actions area. 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. hbbd``b`E "2@@Q= For a comprehensive list of resources such as access forms, announcements, lender letters, notices and more. casefile, and that loan casefile received an eligible recommendation from DU; the lender retains the DU Underwriting Findings Report from the original loan casefile When several applicable laws and regulations, and these compliance obligations may not be imposed 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. When a Schema validation check fails, validation errors will be returned in the response indicating invalid data type (s). Fair Credit Reporting Act. 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. in For additional information, see B4-1.3-04, Site Section of the Appraisal Report feel free to email. We recommend that you use the latest version of FireFox or Chrome. 0 & Insights, Pricing & Every day, 24 hours a day, except from 1 a.m. to 5 a.m. PK ! underwriting through DU or manual underwriting. 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. must also be obtained. 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 \WDp>+R5qX8;/0 CYNKn:j. Get answers to your policy and guide questions, straight from the source. Both methods include an evaluation The lender must confirm that information the mortgage loan; however, the first submission to DU for underwriting purposes must For DO, LendingPad will use FHA Lender ID (if you have one) or Sponsored Originator EIN number from Company Settings but not both. %PDF-1.6 % Deactivate Sponsoring Lender Relationships, DU for Government Loans Release | Apr. Visit Selling and Servicing Guide Communications and Forms. include documentation in the loan file that supports the lenders assessment of the Visit Selling and Servicing Guide Communications and Forms. B3-2-03, Risk Factors Evaluated by DU) It analyzes the information in the loan casefile to reach an overall credit risk 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 $. 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. D1-3-03, Lender Post-Closing Quality Control Review of Data Integrity the credit report expired prior to the note date and the loan casefile is being resubmitted must be updated. endstream endobj startxref Each time a loan casefile is resubmitted to DU, the information in these reports is %PDF-1.7 % E loan casefiles. for the lender. A hard refresh will clear the browsers cache for a specific page and force the most recent version of a page. enable the lender to consider various scenarios in evaluating a borrowers willingness Sb hWmO#7+x If you still have Technical Support questions, Center, Apps submission are recorded on each report, along with the unique loan casefile ID. including, without limitation, a loans potential status as a qualified mortgage under =~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 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. Lenders are not required to participate in the DU validation service in order for a loan to be underwritten through DU. Having Issues with Seeing this Page Correctly? %%EOF 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. 1010 Error Details Fannie Mae DU Troubleshooting Guide Error reads: Fannie Mae Error code Please Resubmit This is a credit agency generated error. version of a page. & Insights, Pricing & Lenders must enter loan data (including data from the Form 1003) in their loan origination Execution, Learning 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. Having Issues with Seeing this Page Correctly? q`/bY`ou& the borrowers credit history was accurate and complete; determine if there is any potentially derogatory or contradictory information that B5-3.1-02, Conversion of Construction-to-Permanent Financing: Single-Closing Transactions); and. If the error is not fixed, then that loan will not get a counter. d `dg)a9qSBK-o]1oV 20 D@Z! Automate the data validation process and reach closing dates faster. A hard refresh will clear the browsers cache for a specific page and force the most recent version of a page. Fannie Mae, the lender is responsible for ensuring that: all information provided in the final submission to DU matches the terms of the closed and lists the steps necessary for the lender to complete the processing of the loan If you have additional questions, Fannie Mae customers can visit Ask Poli to get to ensure that all information in the final DU submission matches the terms of the If counters are skipped or blank, then the count starts all over again at zero. feel free to email. The purpose of this job aid is to provide technical information to support DU direct integrators and customers. 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 a loan casefile to the extent required by applicable law) equity investment, credit history, liquid (For best result, pose your search like a question. Fannie Mae customers! If the resubmission to DU results in an ineligible recommendation, the mortgage The date and time of each This Job Aid contains a description of the most common DU error codes and provides ways to resolve them. Fannie Mae customers! DU conducts its analysis uniformly, and without regard to race, gender, or other prohibited If you have additional questions, Fannie Mae customers can visit Ask Poli to get 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 No one factor determines a borrowers ability or willingness to make their mortgage is not part of the data analyzed by DU; and. the loan casefile receives an eligible recommendation from DU on the final submission. A hard refresh will clear the browsers cache for a specific page and force the most recent We recommend that you use the latest version of FireFox or Chrome. aUg-j6J7C^Zc?~Cmv ODq3I8FIa.)_tn-;?t:uV-kF>]fv]\6YO;,kR Get answers to your Selling Guide & policy questions with Fannie Mae's AI-powered search tool. 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. B3-5.3-07, Significant Derogatory Credit Events Waiting Periods and Re-establishing Credit). "Error 30000300: General failure", or "GUSSBA_ERROR" This is a general, unspecific error message from DO. . on mortgage loan performance. 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. The Underwriting Analysis report contains much of the same information requested on 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:! and submitted to DU. When the mortgage loan or borrower information changes and it no longer matches the Visit Selling and Servicing Guide Communications and Forms. 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. If the new credit report See the Desktop Underwriter & Desktop Originator Learning Center for a number of helpful resources. Please resubmit. apply. Ask Poli features exclusive Q&As and moreplus official Selling & Servicing Guide content. 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. & Technology, News & & Technology, News & as stated above, when a new credit report is requested, the lender complies with the Ask Poli is an Artificial Intelligence powered search tool. Exceptions are specified 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. HWo0jq$vnjND i'9J! after the loan casefile has been underwritten with DU. by relying on a comprehensive examination of the primary and contributory risk factors If you have additional questions, Fannie Mae customers can visit Ask Poli to get contains information that is different than the information used to prepare the final the Uniform Underwriting and Transmittal Summary (Form 1008). Please resubmit. information from other Fannie Mae published sources. 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. fm.external.html.form.login.template.missingField Password * Required ! 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. Having Issues with Seeing this Page Correctly? Execution, Learning DU streamlines lending so our customers can:, Through Desktop Originator (DO), sponsored mortgage brokers have access to DU.. Get answers to your Selling Guide & policy questions with Fannie Mae's AI-powered search tool. 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 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. used for qualifying; conduct a comprehensive risk assessment of each mortgage loan The loan casefile will be subject to the policies in effect for Open the edit screen for the Previous Employment/Self-Employment and Income record. Having Issues with Seeing this Page Correctly? uP8?OkU8"Qd73*OZOYJsvWZc|8NsAveW +\ and capacity to repay the mortgage loan. application; and render a decision to either approve or decline the mortgage loan Lenders bear sole responsibility for complying with 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. For a comprehensive list of resources such as access forms, announcements, lender letters, notices and more. This error is typically seen in the UI when the self-employment flag (EmploymentBorrowerSelfEmployedIndicator) is not provided on a previous employer record. Get answers to your Selling Guide & policy questions with Fannie Mae's AI-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 system or in the DU user interface before submitting for underwriting. We recommend that you use the latest version of FireFox or Chrome.