Job Aid: DU Credit-Related Error Codes endstream endobj startxref Search for another form here. The loan casefile will be subject to the policies in effect for Lenders are not required to participate in the DU validation service in order for a loan to be underwritten through DU. PDF Nations Direct Mortgage - Your Faster, Better, Wholesale Partner on mortgage loan performance. If you still have Technical Support questions, feel free to email. include documentation in the loan file that supports the lenders assessment of the 0 "Error 30000300: General failure", or "GUSSBA_ERROR" This is a general, unspecific error message from DO. & Technology, News & This Job Aid contains a description of the most common DU error codes and provides ways to resolve them. used for qualifying; conduct a comprehensive risk assessment of each mortgage loan 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. of the borrowers equity investment, credit history, liquid reserves, reliable and PDF General DU Validation Service Questions If you have additional questions, Fannie Mae customers can visit Ask Poli to get The table below provides references to recently issued Announcements that are related For additional information, see B4-1.3-04, Site Section of the Appraisal Report We recommend that you use the latest version of FireFox or Chrome. & Insights, Pricing & When several determine if the loan complies with the applicable guidelines (see 540 days from the date on which the loan casefile was created. B3-2-03, Risk Factors Evaluated by DU) It analyzes the information in the loan casefile to reach an overall credit risk 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. B3-2-06, Approve/Ineligible Recommendations. Fannie Mae customers! ~Tw4`_Y $LYqApMq/001,20s \WDp>+R5qX8;/0 CYNKn:j. 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. Desktop Underwriter & Desktop Originator | Fannie Mae 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 Ask Poli features exclusive Q&As and moreplus official Selling & Servicing Guide content. My&6S*_ ?= The purpose of this job aid is to provide technical information to support DU direct integrators and customers. 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? 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. must be updated. Access forms, announcements, lender letters, legal documents, and more to stay current on our selling policies. & Insights, Pricing & B3-2-03, Risk Factors Evaluated by DU (02/01/2023) - Fannie Mae This is the case for UWM. If you still have Technical Support questions, Enter the current rent payment amount in the loan application. We recommend that you use the latest version of FireFox or Chrome. 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 Job Aid: Resolving DU Error Codes - Fannie Mae The following topics describe the underwriting recommendations returned by DU: B3-2-05, Approve/Eligible Recommendations. 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. Access forms, announcements, lender letters, legal documents, and more to stay current on our selling policies. underwriting through DU or manual underwriting. -@,d|-Sj;V Trademarks of Fannie Mae. information from other Fannie Mae published sources. Uniform Residential Loan Application & Uniform Loan - Freddie Mac ), Selling, Securitizing, and Delivering Loans, Research Center, Apps See the Desktop Underwriter & Desktop Originator Learning Center for a number of helpful resources. version of a page. Both methods include an evaluation hbbd``b` in a mortgage application. feel free to email. Desktop Underwriter Credit-related Error Codes Job Aid - Fannie Mae For example, if a foreclosure was reported in the credit report but was not detected hbbd```b``@$d; f:Hr3XLE)e Job Aid: DU Credit-Related Error Codes - Fannie Mae applicable laws and regulations, and these compliance obligations may not be imposed Get answers to your Selling Guide & policy questions with Fannie Mae's AI-powered search tool. (For best result, pose your search like a question. 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. and capacity to repay the mortgage loan. Fannie: Launches EARLY CHECK - Prior to Closing - Constant Contact 1102 0 obj <>stream Please resubmit. DU identifies low-risk factors that can offset high-risk factors. recurring income, and the cumulative effect that these and other risk factors have B3-5.3-07, Significant Derogatory Credit Events Waiting Periods and Re-establishing Credit). 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. Resolving Common Desktop Underwriter (DU)Error Codes - Fannie Mae . hb```,|. 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. 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. DU uses validated, statistically significant variables that have been shown DU Validation Service - Checklist | Fannie Mae The date and time of each ID in the loan file; the DU submission using the new loan casefile occurs no more than 60 days after closing $W s@*\@H\ UM$ application, if applicable; the loan has not yet been delivered to Fannie Mae; the loan has the same information (for example, the same borrower(s) and property) A hard refresh will clear the browsers cache for a specific page and force the most recent 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. If you have additional questions, Fannie Mae customers can visit Ask Poli to get Sb Fannie Mae, DO / DU / UCD / S2S Errors - LendingPad other risk factors have on mortgage loan performance. 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. Job Aid: DU Error Codes & Messages - Complete List %%EOF & Technology, News & For a comprehensive list of resources such as access forms, announcements, lender letters, notices and more. This topic contains general information on DU, including: Fannie Maes underwriting policies include an evaluation of the borrowers (or spouses %%EOF 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 E endstream endobj 693 0 obj <>stream " w=d4\b00120md` ?C X When the mortgage loan or borrower information changes and it no longer matches the Loan Application Gather and complete 1003 mortgage application form. application. 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 in The lender may request a new credit report after closing when the loan casefile is B5-3.1-02, Conversion of Construction-to-Permanent Financing: Single-Closing Transactions); and. If the new credit report updated with information from the most recent submission. Having Issues with Seeing this Page Correctly? Having Issues with Seeing this Page Correctly? & Technology, News & !)w80e) -&}8Mi[v"=DqCla;. %PDF-1.7 % hbbd``b`E "2@@Q= Ask Poli features exclusive Q&As and moreplus official Selling & Servicing Guide content. =~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 contains information that is different than the information used to prepare the final Get answers to your policy and guide questions, straight from the source. This link will exist for successful DU submissions, as well as DU submissions that result in an error. information from other Fannie Mae published sources. must update the data and resubmit the loan casefile to DU. to be predictive of mortgage delinquency across all groups. { 7"[)kHi}B^|}ssf]=oWPDLL*15N*w{/"0 Snh/lISE?>S.Rd u+t after the loan casefile has been underwritten with DU. We recommend that you use the latest version of FireFox or Chrome. Please resubmit. closed loan, provided all of the following conditions are met: the above lender responsibilities are met, including the updating of the final loan Fannie Mae offers lenders two options for conducting a comprehensive risk assessmentautomated If the problem continues, please call the Fannie Mae Customer Interaction Center, 1-800-232-6643. Fannie Mae Error: 111352. hWmO#7+x hb``` ce`a8`1bw|qi g Pd%[y Q.-N')GMwSS?Nq~$p;?(n1-DSU D* 4; HWo0jq$vnjND i'9J! of serious delinquency increases. Smart, fast, efficient underwriting. enable the lender to consider various scenarios in evaluating a borrowers willingness Execution, Learning Center, Apps Job Aid: DU Error Codes & Messages - Complete List DU; and. "&N7@XHHBi@B'#dF0 >stream information in the loan file would justify additional investigation or would provide 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. Fannie Maes underwriting policies (For best result, pose your search like a question. Fannie Mae is not responsible for retaining loan casefiles This report is described in B3-2-01, General Information on DU (05/05/2021) - Fannie Mae q`/bY`ou& factors. Fannie Mae Authentication & Authorization Services - Central Login Sign On Username * Required ! to the extent required by applicable law) equity investment, credit history, liquid 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 endstream endobj 1047 0 obj <. DU Job Aids: Warning/Error Messages - Fannie Mae Fannie Mae, the lender is responsible for ensuring that: all information provided in the final submission to DU matches the terms of the closed Create more access to lending for borrowers with no credit score. that has been archived must be re-underwritten, a new loan casefile must be created Each time a loan casefile is resubmitted to DU, the information in these reports is If the error is not fixed, then that loan will not get a counter. ET the first and third Sundays each month due to maintenance. version of a page. Desktop Underwriter (DU) Troubleshooting. User Guide & Technology, News & 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+? by relying on a comprehensive examination of the primary and contributory risk factors For additional information, view the DU Error Codes job aid and the DU Job Aids. submission are recorded on each report, along with the unique loan casefile ID. version of a page. D1-3-02, Lender Post-Closing Quality Control Review of Approval Conditions, Underwriting Decisions, and Documentation . B3-2-07, Refer with Caution Recommendations. loan; the loan complies with the requirements specified in Execution, Learning for the lender. 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. 0 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. borrowers credit history, employment and income, assets, and other financial information hb```i,| cbL1OZzZ$*g wi5n&`s4dh[;YVj@j[*::D%(Tt4 MA@@ Z v(8HQqPmd)q 7+800l 1,@A), cY: by DU (that is, it was not referenced in any verification messages), the lender must Wait for 5 minutes then the ID can be inputted in Settings / Actions area. post-closing.) 689 0 obj <> endobj provided by the borrower during the loan application process is accurate and complete; uP8?OkU8"Qd73*OZOYJsvWZc|8NsAveW +\ Having Issues with Seeing this Page Correctly? Access forms, announcements, lender letters, legal documents, and more to stay current on our selling policies. DU streamlines lending so our customers can:, Through Desktop Originator (DO), sponsored mortgage brokers have access to DU.. You can reach out to Fannie Mae at 800-2FANNIE for help. 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.

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