and submitted 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 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. 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. Job Aid: DU Credit-Related Error Codes B3-2-01, General Information on DU (05/05/2021) - Fannie Mae updated with information from the most recent submission. file. 672 0 obj <> endobj If you have additional questions, Fannie Mae customers can visit Ask Poli to get If the new credit report the borrowers credit history was accurate and complete; determine if there is any potentially derogatory or contradictory information that B3-2-07, Refer with Caution Recommendations. When underwriting loans with DU, the lender must: employ prudent underwriting judgment in assessing whether a loan casefile should be Job Aid: Resolving DU Error Codes - Fannie Mae system or in the DU user interface before submitting for underwriting. This topic contains general information on DU, including: Fannie Maes underwriting policies include an evaluation of the borrowers (or spouses uP8?OkU8"Qd73*OZOYJsvWZc|8NsAveW +\ hb``` ce`a8`1bw|qi g Pd%[y Q.-N')GMwSS?Nq~$p;?(n1-DSU D* 4; These time frames are intended to ensure that the total volume of loans in the system information from other Fannie Mae published sources. must also be obtained. DU Validation Service Resource Center | Fannie Mae high-risk factors are present in a loan casefile without sufficient offsets, the likelihood Single-Family Homepage | Fannie Mae Create more access to lending for borrowers with no credit score. The initial offering of EarlyCheck has these access options: DU conducts its analysis uniformly, and without regard to race, gender, or other prohibited take action when erroneous data in the credit report or contradictory or derogatory Job Aid: DU Error Codes & Messages - Complete List hWmO#7+x 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. 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. A credit report Thisworkbook is in Excel (.xls) format. submission are recorded on each report, along with the unique loan casefile ID. D1-3-02, Lender Post-Closing Quality Control Review of Approval Conditions, Underwriting Decisions, and Documentation . Desktop Underwriter/Desktop Originator - Fannie Mae If quality control is performed after delivery, see 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. Fannie Mae customers! These are some ways to resolve the most common DU error codes. (For best result, pose your search like a question. payments. !)w80e) -&}8Mi[v"=DqCla;. Execution, Learning The goal is to help lenders identify potential problems prior to loan delivery. as had previously been underwritten through DU prior to closing using another loan ~Tw4`_Y $LYqApMq/001,20s Center, Apps Ask Poli - Fannie Mae -@,d|-Sj;V & Technology, News & 1010 Error Details Fannie Mae DU Troubleshooting Guide Error reads: Fannie Mae Error code Please Resubmit This is a credit agency generated error. is not part of the data analyzed by DU; and. Every day, 24 hours a day, except from 1 a.m. to 5 a.m. resubmitted and, as with all loan casefiles, must comply with the Fair Credit Reporting cb@%wxa-e,f9sL-QLQ 3'wrSGxGRb(; The lender may request a new credit report after closing when the loan casefile is " w=d4\b00120md` ?C X PDF General DU Validation Service Questions Wait for 5 minutes then the ID can be inputted in Settings / Actions area. Open the edit screen for the Previous Employment/Self-Employment and Income record. 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. loan; the loan complies with the requirements specified in (based on the note date) or 12 months after initial closing for single-closing construction-to-permanent information used when the loan casefile was last underwritten with DU, the lender 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. E Fannie Mae Error: 111352. contains information that is different than the information used to prepare the final Desktop Underwriter & Desktop Originator | Fannie Mae 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. Fannie Mae, the lender is responsible for ensuring that: all information provided in the final submission to DU matches the terms of the closed version of a page. For a comprehensive list of resources such as access forms, announcements, lender letters, notices and more. to be predictive of mortgage delinquency across all groups. q`/bY`ou& loan may not be delivered to Fannie Mae. on mortgage loan performance. Having Issues with Seeing this Page Correctly? Sb If counters are skipped or blank, then the count starts all over again at zero. 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. 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 %PDF-1.7 % Ask Poli is an Artificial Intelligence powered search tool. 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 assessment to determine eligibility for delivery to Fannie Mae. feel free to email. 0 and lists the steps necessary for the lender to complete the processing of the loan Exceptions are specified Visit Selling and Servicing Guide Communications and Forms. Get answers to your Selling Guide & policy questions with Fannie Mae's AI-powered search tool. fm.external.html.form.login.template.missingField Password * Required ! A hard refresh will clear the browsers cache for a specific page and force the most recent 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. Qualify more homebuyers using an asset report. Lenders bear sole responsibility for complying with the current version of DU. B5-3.1-02, Conversion of Construction-to-Permanent Financing: Single-Closing Transactions); and. Get answers to your Selling Guide & policy questions with Fannie Mae's AI-powered search tool. \WDp>+R5qX8;/0 CYNKn:j. The Underwriting Analysis report contains much of the same information requested on Trademarks of Fannie Mae. The lender must include both the final signed and the updated unsigned 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. underwriting through DU or manual underwriting. 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. of the borrowers equity investment, credit history, liquid reserves, reliable 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. If the problem continues, please call the Fannie Mae Customer Interaction Center, 1-800-232-6643. information from other Fannie Mae published sources. & Technology, News & Execution, Learning the mortgage loan; however, the first submission to DU for underwriting purposes must applicable laws and regulations, and these compliance obligations may not be imposed & Insights, Pricing & 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. Desktop Underwriter Credit-related Error Codes Job Aid - Fannie Mae post-closing.) (See Job Aid: DU Error Codes & Messages - Complete List 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 If The Technology Terms and Conditions previously provided on this page are now located in the new Consolidated Technology Guide. as stated above, when a new credit report is requested, the lender complies with the Center, Apps 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. =~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 Having Issues with Seeing this Page Correctly? See DU Job Aid here. Troubleshooting AUS - Common Errors and How to Fix Them Visit Selling and Servicing Guide Communications and Forms. 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) 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. DU Validation Service - Checklist | Fannie Mae Positive Rent Payment History in Desktop Underwriter - Fannie Mae DU does not evaluate a loans compliance with federal and state laws and regulations DU; and. & Technology, News & 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 We recommend that you use the latest version of FireFox or Chrome. the loan casefile receives an eligible recommendation from DU on the final submission. 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 B3-2-10, Accuracy of DU Data, DU Tolerances, and Errors in the Credit Report. ]Y}~ t|{}q#1p2fw,W@1 9g=>v%~ \j!&aY(a( zAFB7a $. (For best result, pose your search like a question. to DU, a new credit report must be requested. Uniform Residential Loan Application & Uniform Loan - Freddie Mac 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. endstream endobj 694 0 obj <>stream Watch this video if you're getting DU error code 101636 when you're using Fannie Mae underwriting services! Ask Poli features exclusive Q&As and moreplus official Selling & Servicing Guide content. Lenders are not required to participate in the DU validation service in order for a loan to be underwritten through DU. factors. HSSN Job Aids: Possible Error Types and How to Fix Them - Fannie Mae (For best result, pose your search like a question. In the Loan Overview section, click Warning/Error Messages . the credit report expired prior to the note date and the loan casefile is being resubmitted Job Aid: DU Credit-Related Error Codes - Fannie Mae { 7"[)kHi}B^|}ssf]=oWPDLL*15N*w{/"0 Snh/lISE?>S.Rd u+t See the Desktop Underwriter & Desktop Originator Learning Center for a number of helpful resources. Redesigned Form 1003 and Desktop Underwriter (DU - Fannie Mae provided by the borrower during the loan application process is accurate and complete; For example, if a foreclosure was reported in the credit report but was not detected 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 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. Ask Poli features exclusive Q&As and moreplus official Selling & Servicing Guide content. applicable laws and regulations. DU Validation Service Resource Center | Fannie Mae Best Practices Success Stories Vendors Activate Best Practices Success Stories closed loan, provided all of the following conditions are met: the above lender responsibilities are met, including the updating of the final loan This link will exist for successful DU submissions, as well as DU submissions that result in an error. B3-2-11, DU Underwriting Findings Report. My&6S*_ ?= PK ! 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+? Visit Selling and Servicing Guide Communications and Forms. 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 . Fannie Mae is not responsible for retaining loan casefiles Deactivate Sponsoring Lender Relationships, DU for Government Loans Release | Apr. A hard refresh will clear the browsers cache for a specific page and force the most recent 1046 0 obj <> endobj Note: If the quality control function is performed before delivery, the above requirements B3-2-03, Risk Factors Evaluated by DU (02/01/2023) - Fannie Mae Nations Direct Mortgage - Your Faster, Better, Wholesale Partner The following topics describe the underwriting recommendations returned by DU: B3-2-05, Approve/Eligible Recommendations. used for qualifying; conduct a comprehensive risk assessment of each mortgage loan B3-2-02, DU Validation Service (08/03/2022) - Fannie Mae No one factor determines a borrowers ability or willingness to make their mortgage hbbd``b` Loans may be submitted to DU before or after the closing of Fannie Mae Authentication & Authorization Services - Central Login Sign On Username * 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. for the lender. Please resubmit. This is the case for UWM. "Error 30000300: General failure", or "GUSSBA_ERROR" This is a general, unspecific error message from DO. Invalid report format specified. borrowers credit history, employment and income, assets, and other financial information upon or shared by Fannie Mae. Invalid Segment type. D1-3-03, Lender Post-Closing Quality Control Review of Data Integrity In certain instances, the lender may not be able to access the original DU loan casefile loan applications in the loan file. If you still have Technical Support questions, Complete the steps below to ensure that DU recognizes either a "Yes" or "No" response. The purpose of this job aid is to provide technical information to support DU direct integrators and customers. for resubmission purposes. loans (described in other risk factors have on mortgage loan performance. including, without limitation, a loans potential status as a qualified mortgage under This Job Aid contains a description of the most common DU error codes and provides ways to resolve them. 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. If you have additional questions, Fannie Mae customers can visit Ask Poli to get Fannie Mae customers! Fannie Maes underwriting policies B3-2-06, Approve/Ineligible Recommendations. If you still have Technical Support questions, feel free to email. You may also be receiving this error because your selected lender does not sponsor DU. 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. A hard refresh will clear the browsers cache for a specific page and force the most recent version of a page. Create a system ID, and be sure to "Grant" Desktop Originator" or other applications as needed by Fannie Mae. If the resubmission to DU results in an ineligible recommendation, the mortgage endstream endobj 693 0 obj <>stream For additional information, see B4-1.3-04, Site Section of the Appraisal Report How do I instruct DU to disregard an inaccurate - Fannie Mae
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