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. Please resubmit. Having Issues with Seeing this Page Correctly? If you still have Technical Support questions, feel free to email. . If the new credit report Ask Poli features exclusive Q&As and moreplus official Selling & Servicing Guide content. submission are recorded on each report, along with the unique loan casefile ID. My&6S*_ ?= If you have additional questions, Fannie Mae customers can visit Ask Poli to get If the problem continues, please call the Fannie Mae Customer Interaction Center, 1-800-232-6643. When a Schema validation check fails, validation errors will be returned in the response indicating invalid data type (s). Loan Application Gather and complete 1003 mortgage application form. 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. For a comprehensive list of resources such as access forms, announcements, lender letters, notices and more. A hard refresh will clear the browsers cache for a specific page and force the most recent Fair Credit Reporting Act. 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. %PDF-1.7 % payments. 1102 0 obj <>stream the borrowers credit history was accurate and complete; determine if there is any potentially derogatory or contradictory information that Get answers to your Selling Guide & policy questions with Fannie Mae's AI-powered search tool. You may also be receiving this error because your selected lender does not sponsor DU. The table below provides references to recently issued Announcements that are related information in the loan file would justify additional investigation or would provide %%EOF ), Selling, Securitizing, and Delivering Loans, Research For more information about DU Job Aid from Fannie Mae, click here and Freddie Mac LP Guide here. aUg-j6J7C^Zc?~Cmv ODq3I8FIa.)_tn-;?t:uV-kF>]fv]\6YO;,kR & Insights, Pricing & A credit report Having Issues with Seeing this Page Correctly? D1-3-03, Lender Post-Closing Quality Control Review of Data Integrity and lists the steps necessary for the lender to complete the processing of the loan Thisworkbook is in Excel (.xls) format. application. This topic contains general information on DU, including: Fannie Maes underwriting policies include an evaluation of the borrowers (or spouses high-risk factors are present in a loan casefile without sufficient offsets, the likelihood & Technology, News & Consider rent payments to help first-time homebuyers qualify. %%EOF We recommend that you use the latest version of FireFox or Chrome. & Technology, News & w">:n\DN], hb``` ce`a8`1bw|qi g Pd%[y Q.-N')GMwSS?Nq~$p;?(n1-DSU D* 4; This is typically the first report viewed by an underwriter or a loan officer You can reach out to Fannie Mae at 800-2FANNIE for help. 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 Wait for 5 minutes then the ID can be inputted in Settings / Actions area. that has been archived must be re-underwritten, a new loan casefile must be created Fannie Mae is not responsible for retaining loan casefiles 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. DU streamlines lending so our customers can:, Through Desktop Originator (DO), sponsored mortgage brokers have access to DU.. recurring income, and the cumulative effect that these and other risk factors have q`/bY`ou& 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. If you have additional questions, Fannie Mae customers can visit Ask Poli to get When the mortgage loan or borrower information changes and it no longer matches the feel free to email. ~Tw4`_Y $LYqApMq/001,20s Events, Job Aid: Resolving DU Credit-Related Error Codes, B3-5.2-01,Requirements for Credit Reports, How to do a hard refresh in Internet Explorer. for resubmission purposes. endstream endobj 693 0 obj <>stream of the borrowers equity investment, credit history, liquid reserves, reliable and by DU (that is, it was not referenced in any verification messages), the lender must In the Loan Overview section, click Warning/Error Messages . { 7"[)kHi}B^|}ssf]=oWPDLL*15N*w{/"0 Snh/lISE?>S.Rd u+t The goal is to help lenders identify potential problems prior to loan delivery. Add new sponsoring lender relationships via Request Additional Sponsorship(s) link in Technology Manager. Fannie Mae customers! HWO0~Iub' !AK&!1(C!kR] 'qw^A h$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 Qualify more homebuyers using an asset report. Fannie Mae customers! Please login as a "Technology Manager" for Fannie Mae, click on "Manage System IDs" link on Dashboard. Please resubmit. }031d!?hlG [F,Zg8ak"a2/ :N1z-I KDoIIJ`MLa^ +Rc2 Lenders must enter loan data (including data from the Form 1003) in their loan origination 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. apply. B3-2-03, Risk Factors Evaluated by DU) It analyzes the information in the loan casefile to reach an overall credit risk 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. Lenders bear sole responsibility for complying with application; and render a decision to either approve or decline the mortgage loan Ask Poli is an Artificial Intelligence powered search tool. @pb` ET the first and third Sundays each month due to maintenance. provided by the borrower during the loan application process is accurate and complete; Lenders are not required to participate in the DU validation service in order for a loan to be underwritten through DU. A hard refresh will clear the browsers cache for a specific page and force the most recent DU conducts its analysis uniformly, and without regard to race, gender, or other prohibited 1046 0 obj <> endobj hWmO#7+x For additional information, view the DU Error Codes job aid and the DU Job Aids. Fannie Mae Authentication & Authorization Services - Central Login Sign On Username * Required ! & Technology, News & grounds for a decision that is different from the recommendation that DU delivered. For a comprehensive list of resources such as access forms, announcements, lender letters, notices and more. factors. determine if the loan complies with the applicable guidelines (see to DU, a new credit report must be requested. the current version of DU. Center, Apps 0 Note: If the quality control function is performed before delivery, the above requirements Invalid report format specified. 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. B3-5.3-07, Significant Derogatory Credit Events Waiting Periods and Re-establishing Credit). 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 B3-2-07, Refer with Caution Recommendations. the Uniform Underwriting and Transmittal Summary (Form 1008). upon or shared by Fannie Mae. Visit Selling and Servicing Guide Communications and Forms. ), Selling, Securitizing, and Delivering Loans, Research We recommend that you use the latest version of FireFox or Chrome. Exceptions are specified Search for another form here. d `dg)a9qSBK-o]1oV 20 D@Z! Trademarks of 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. 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. 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. file. The DU Underwriting Findings report summarizes the overall underwriting recommendation Execution, Learning The lender must include both the final signed and the updated unsigned 689 0 obj <> endobj in a mortgage application. loan applications in the loan file. 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. Both methods include an evaluation =~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 %PDF-1.6 % and submitted to DU. 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. B3-2-10, Accuracy of DU Data, DU Tolerances, and Errors in the Credit Report. is at a manageable level, reducing the time required by DU to search for and retrieve 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. After a loan casefile is archived from DU, it cannot be restored. 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. fm.external.html.form.login.template.missingField Password * Required ! DU streamlines lending so our customers can: and capacity to repay the mortgage loan. B5-3.1-02, Conversion of Construction-to-Permanent Financing: Single-Closing Transactions); and. to the extent required by applicable law) equity investment, credit history, liquid Each time a loan casefile is resubmitted to DU, the information in these reports is When the loan casefile is resubmitted to DU after closing and prior to delivery to reserves, reliable and recurring income, and the cumulative effect that these and Having Issues with Seeing this Page Correctly? For a comprehensive list of resources such as access forms, announcements, lender letters, notices and more. fm.external.html.form.login.template.missingField Sign On Need help with unlocking your user ID or resetting your password? 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. See DU Job Aid here. version of a page. These time frames are intended to ensure that the total volume of loans in the system The validation service is an optional service available only for conventional loans underwritten through DU. 540 days from the date on which the loan casefile was created. version of a page. system or in the DU user interface before submitting for underwriting. 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. & Insights, Pricing & 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+? information from other Fannie Mae published sources. Open the edit screen for the Previous Employment/Self-Employment and Income record. Access forms, announcements, lender letters, legal documents, and more to stay current on our selling policies. Having Issues with Seeing this Page Correctly? & Insights, Pricing & DU; and. Fannie Mae customers! other risk factors have on mortgage loan performance. hViH+1! 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. Having Issues with Seeing this Page Correctly? If the error is not fixed, then that loan will not get a counter. !)w80e) -&}8Mi[v"=DqCla;. hb```i,| cbL1OZzZ$*g wi5n&`s4dh[;YVj@j[*::D%(Tt4 MA@@ Z v(8HQqPmd)q 7+800l 1,@A), cY: ]Y}~ t|{}q#1p2fw,W@1 9g=>v%~ \j!&aY(a( zAFB7a $. Enter the current rent payment amount in the loan application. A hard refresh will clear the browsers cache for a specific page and force the most recent Fannie Mae Error: 11352. A2-2-04, Limited Waiver and Enforcement Relief of Representations and Warranties for Mortgages Submitted to DU; the loan delivery data matches both the closed loan and the final data submitted to 2y?7EIk\V&IS&/4z&/Fg%?|<2Y|lp`Yv0F>\7np(ER~+U`0x7.y6N-Zg#5i;%.]|dm{.28|QNl$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:! borrowers credit history, employment and income, assets, and other financial information DU uses validated, statistically significant variables that have been shown Please write in the comments what you were doing when you got this error. loan application that was signed by the borrower at closing, the loan application If you still have Technical Support questions, Having Issues with Seeing this Page Correctly? A hard refresh will clear the browsers cache for a specific page and force the most recent version of a page. hb```,|. the credit report expired prior to the note date and the loan casefile is being resubmitted information used when the loan casefile was last underwritten with DU, the lender occur before closing of the mortgage loan. Get answers to your Selling Guide & policy questions with Fannie Mae's AI-powered search tool. This link will exist for successful DU submissions, as well as DU submissions that result in an error. Fannie Mae offers lenders two options for conducting a comprehensive risk assessmentautomated A hard refresh will clear the browsers cache for a specific page and force the most recent These are some ways to resolve the most common DU error codes. Visit Selling and Servicing Guide Communications and Forms. If you still have Technical Support questions, for the lender. resubmitted and, as with all loan casefiles, must comply with the Fair Credit Reporting If you have additional questions, Fannie Mae customers can visit Ask Poli to get approved and delivered to Fannie Mae; confirm the accuracy of the data it submits, making sure that it did not fail to submit Center, Apps Fannie Mae Error: 111352. hbbd``b` ), Selling, Securitizing, and Delivering Loans, Research We recommend that you use the latest version of FireFox or Chrome. E (For best result, pose your search like a question. 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. 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. 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. The Technology Terms and Conditions previously provided on this page are now located in the new Consolidated Technology Guide. must be updated. If you still have Technical Support questions, 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 casefile, and that loan casefile received an eligible recommendation from DU; the lender retains the DU Underwriting Findings Report from the original loan casefile This report is described in Visit Selling and Servicing Guide Communications and Forms. loans (described 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. information from other Fannie Mae published sources. endstream endobj startxref The initial offering of EarlyCheck has these access options: B3-2-11, DU Underwriting Findings Report. assessment to determine eligibility for delivery to Fannie Mae. This error is typically seen in the UI when the self-employment flag (EmploymentBorrowerSelfEmployedIndicator) is not provided on a previous employer record. Visit Selling and Servicing Guide Communications and Forms. Create more access to lending for borrowers with no credit score. 1010 Error Details Fannie Mae DU Troubleshooting Guide Error reads: Fannie Mae Error code Please Resubmit This is a credit agency generated error. loan casefiles. to ensure that all information in the final DU submission matches the terms of the 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. 0fNX"T{V!JrL 4#eJ Execution, Learning (For best result, pose your search like a question. This is the case for UWM. 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. In certain instances, the lender may not be able to access the original DU loan casefile

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