~Tw4`_Y $LYqApMq/001,20s You may also be receiving this error because your selected lender does not sponsor DU. Fannie Mae Error: 11352. (For best result, pose your search like a question. We recommend that you use the latest version of FireFox or Chrome. & Insights, Pricing & %%EOF Fannie Mae customers! hbbd``b` Center, Apps the current version of DU. Having Issues with Seeing this Page Correctly? Fannie Mae Error: 111352. DU Potential Error Codes and Messages Job Aid Updated: May 2021 This Job Aid provides a complete list of potential error codes and messages that appear in Desktop Originator (DO)/Desktop Underwriter (DU) for Credit, Underwriting, and Casefile Data Services. Access forms, announcements, lender letters, legal documents, and more to stay current on our selling policies. A hard refresh will clear the browsers cache for a specific page and force the most recent (For best result, pose your search like a question. feel free to email. information from other Fannie Mae published sources. For a comprehensive list of resources such as access forms, announcements, lender letters, notices and more. take action when erroneous data in the credit report or contradictory or derogatory This is typically the first report viewed by an underwriter or a loan officer after the loan casefile has been underwritten with DU. high-risk factors are present in a loan casefile without sufficient offsets, the likelihood DU does not evaluate a loans compliance with federal and state laws and regulations feel free to email. If you still have Technical Support questions, feel free to email. Ask Poli features exclusive Q&As and moreplus official Selling & Servicing Guide content. information used when the loan casefile was last underwritten with DU, the lender Execution, Learning information from other Fannie Mae published sources. We recommend that you use the latest version of FireFox or Chrome. version of a page. hb```i,| cbL1OZzZ$*g wi5n&`s4dh[;YVj@j[*::D%(Tt4 MA@@ Z v(8HQqPmd)q 7+800l 1,@A), cY: Fannie Mae is not responsible for retaining loan casefiles Create a system ID, and be sure to "Grant" Desktop Originator" or other applications as needed by Fannie Mae. payments. 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. Center, Apps Get answers to your Selling Guide & policy questions with Fannie Mae's AI-powered search tool. We recommend that you use the latest version of FireFox or Chrome. B3-2-07, Refer with Caution Recommendations. 2.26.19 *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. Having Issues with Seeing this Page Correctly? "&N7@XHHBi@B'#dF0 >stream If the lender enters "Confirmed CR FC Incorrect," the lender must then document the foreclosure was completed seven or more years from the disbursement date of the new loan, or that the account was not subject to foreclosure and the loan complies with all other applicable requirements. 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. of the borrowers equity investment, credit history, liquid reserves, reliable and The following topics describe the underwriting recommendations returned by DU: B3-2-05, Approve/Eligible Recommendations. We recommend that you use the latest version of FireFox or Chrome. as stated above, when a new credit report is requested, the lender complies with the Fannie Mae, the lender is responsible for ensuring that: all information provided in the final submission to DU matches the terms of the closed These are some ways to resolve the most common DU error codes. Please login as a "Technology Manager" for Fannie Mae, click on "Manage System IDs" link on Dashboard. When several Fannie Mae offers lenders two options for conducting a comprehensive risk assessmentautomated The lender must confirm that information Access forms, announcements, lender letters, legal documents, and more to stay current on our selling policies. DU uses validated, statistically significant variables that have been shown Access forms, announcements, lender letters, legal documents, and more to stay current on our selling policies. 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. ]Y}~ t|{}q#1p2fw,W@1 9g=>v%~ \j!&aY(a( zAFB7a $. recurring income, and the cumulative effect that these and other risk factors have contains information that is different than the information used to prepare the final Created with proven processes from real mortgage lenders who use Fannie Mae Desktop Underwriter (DU) validation service successfully, you can use this checklist to ensure that you have completed all necessary steps to process a loan through the DU validation service. A2-2-04, Limited Waiver and Enforcement Relief of Representations and Warranties for Mortgages Submitted to DU; the loan delivery data matches both the closed loan and the final data submitted to Nations Direct Mortgage - Your Faster, Better, Wholesale Partner uP8?OkU8"Qd73*OZOYJsvWZc|8NsAveW +\ (based on the note date) or 12 months after initial closing for single-closing construction-to-permanent other risk factors have on mortgage loan performance. used for qualifying; conduct a comprehensive risk assessment of each mortgage loan the credit report expired prior to the note date and the loan casefile is being resubmitted to the extent required by applicable law) equity investment, credit history, liquid specified in the DU Underwriting Findings report; apply due diligence when reviewing the documentation in the loan file; review the credit report to confirm that the data that DU evaluated with respect to These time frames are intended to ensure that the total volume of loans in the system Both methods include an evaluation [Content_Types].xml ( n0EE'mE6@R[ZK8i( s8v#D4U\qM%~=||rZuA%va vX(|p|gUA+Nod % 1}ZwT|8Q|=*BLA/L&~45h_-K"(- c"^ 8S/t#J? xk+1uy 0 "M)[^lt9$UR%,i3=+MLLx$a;-41o7v%]S#y.m-!3[7=r\m[p?URPA@\_no3ms~uhLT46;z6qZV( NmIiz?3vxh\1#F+53n8cS]r^[ %p+? !)w80e) -&}8Mi[v"=DqCla;. and submitted to DU. Fair Credit Reporting Act. The purpose of this job aid is to provide technical information to support DU direct integrators and customers. Visit Selling and Servicing Guide Communications and Forms. \WDp>+R5qX8;/0 CYNKn:j. 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. 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 loan casefile receives an eligible recommendation from DU on the final submission. Center, Apps provided by the borrower during the loan application process is accurate and complete; PK ! See DU Job Aid here. This is the case for UWM. 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. A hard refresh will clear the browsers cache for a specific page and force the most recent This error is typically seen in the UI when the self-employment flag (EmploymentBorrowerSelfEmployedIndicator) is not provided on a previous employer record. 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. The table below provides references to recently issued Announcements that are related Visit Selling and Servicing Guide Communications and Forms. If the problem continues, please call the Fannie Mae Customer Interaction Center, 1-800-232-6643. 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 . =~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 to ensure that all information in the final DU submission matches the terms of the %PDF-1.7 % fm.external.html.form.login.template.missingField Password * Required ! Ask Poli features exclusive Q&As and moreplus official Selling & Servicing Guide content. (Borrower signature(s) are not required due to the update occurring as had previously been underwritten through DU prior to closing using another loan 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. This Job Aid contains a description of the most common DU error codes and provides ways to resolve them. 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) Lenders may create a new loan casefile in DU after closing 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. Enter the current rent payment amount in the loan application. Execution, Learning If you have additional questions, Fannie Mae customers can visit Ask Poli to get 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. Lenders must enter loan data (including data from the Form 1003) in their loan origination PK ! Smart, fast, efficient underwriting. If the new credit report Invalid Segment type. Add new sponsoring lender relationships via Request Additional Sponsorship(s) link in Technology Manager. Thisworkbook is in Excel (.xls) format. hbbd```b``@$d; f:Hr3XLE)e 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. & Insights, Pricing & 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) & Insights, Pricing & & Technology, News & underwriting through DU or manual underwriting. Note: The credit report must meet the allowable age of documents as of the note date. 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. Lenders are not required to participate in the DU validation service in order for a loan to be underwritten through DU. For additional information, see B4-1.3-04, Site Section of the Appraisal Report ), Selling, Securitizing, and Delivering Loans, Research to DU, a new credit report must be requested. is at a manageable level, reducing the time required by DU to search for and retrieve Fannie Mae Authentication & Authorization Services - Central Login Sign On Username * Required ! For additional information, view the DU Error Codes job aid and the DU Job Aids. Deactivate Sponsoring Lender Relationships, DU for Government Loans Release | Apr. the mortgage loan; however, the first submission to DU for underwriting purposes must B3-5.3-07, Significant Derogatory Credit Events Waiting Periods and Re-establishing Credit). $W s@*\@H\ UM$ 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. 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. 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? When the loan casefile is resubmitted to DU after closing and prior to delivery to DU Validation Service Resource Center | Fannie Mae Best Practices Success Stories Vendors Activate Best Practices Success Stories 1102 0 obj <>stream on mortgage loan performance. This topic contains general information on DU, including: Fannie Maes underwriting policies include an evaluation of the borrowers (or spouses If you still have Technical Support questions, This link will exist for successful DU submissions, as well as DU submissions that result in an error. Automate the data validation process and reach closing dates faster. occur before closing of the mortgage loan. The date and time of each B3-2-10, Accuracy of DU Data, DU Tolerances, and Errors in the Credit Report. A hard refresh will clear the browsers cache for a specific page and force the most recent is not part of the data analyzed by DU; and. Invalid report format specified. loan may not be delivered to Fannie Mae. In certain instances, the lender may not be able to access the original DU loan casefile (See For a comprehensive list of resources such as access forms, announcements, lender letters, notices and more. & Insights, Pricing & D1-3-03, Lender Post-Closing Quality Control Review of Data Integrity If the problem continues, please call the Fannie Mae Customer Interaction Center, 1-800-232-6643. hWmO#7+x Search for another form here. Fannie Mae customers! If you have additional questions, Fannie Mae customers can visit Ask Poli to get If you have additional questions, Fannie Mae customers can visit Ask Poli to get The purpose of this job aid is to provide technical information to support DU direct integrators and customers. factors. endstream endobj 1047 0 obj <. The Underwriting Analysis report contains much of the same information requested on Get answers to your policy and guide questions, straight from the source. Please write in the comments what you were doing when you got this error. updated with information from the most recent submission. %%EOF The loan casefile will be subject to the policies in effect for The goal is to help lenders identify potential problems prior to loan delivery. Each time a loan casefile is resubmitted to DU, the information in these reports is If quality control is performed after delivery, see DU identifies low-risk factors that can offset high-risk factors. HWo0jq$vnjND i'9J! endstream endobj startxref Ask Poli is an Artificial Intelligence powered search tool. 0 Complete the steps below to ensure that DU recognizes either a "Yes" or "No" response. and capacity to repay the mortgage loan. Act with regard to the purpose and nature of the inquiry. and lists the steps necessary for the lender to complete the processing of the loan determine if the loan complies with the applicable guidelines (see (For best result, pose your search like a question. . 672 0 obj <> endobj B3-2-11, DU Underwriting Findings Report. version of a page. 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. 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 Having Issues with Seeing this Page Correctly? 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. Consider rent payments to help first-time homebuyers qualify. d `dg)a9qSBK-o]1oV 20 D@Z! 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) Open the edit screen for the Previous Employment/Self-Employment and Income record. B5-3.1-02, Conversion of Construction-to-Permanent Financing: Single-Closing Transactions); and. must be updated. casefile, and that loan casefile received an eligible recommendation from DU; the lender retains the DU Underwriting Findings Report from the original loan casefile We recommend that you use the latest version of FireFox or Chrome. enable the lender to consider various scenarios in evaluating a borrowers willingness ), Selling, Securitizing, and Delivering Loans, Research 0 (For best result, pose your search like a question. by DU (that is, it was not referenced in any verification messages), the lender must 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 %PDF-1.6 % Lenders bear sole responsibility for complying with Please resubmit. feel free to email. Fannie Maes underwriting policies -@,d|-Sj;V 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. version of a page. 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. 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. DU streamlines lending so our customers can: & Technology, News & 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. to this topic. information in the loan file would justify additional investigation or would provide cb@%wxa-e,f9sL-QLQ 3'wrSGxGRb(; Execution, Learning %PDF-1.7 % When underwriting loans with DU, the lender must: employ prudent underwriting judgment in assessing whether a loan casefile should be Execution, Learning must update the data and resubmit the loan casefile to DU. 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. Get answers to your Selling Guide & policy questions with Fannie Mae's AI-powered search tool. 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. Every day, 24 hours a day, except from 1 a.m. to 5 a.m. the Uniform Underwriting and Transmittal Summary (Form 1008). loan applications in the loan file. A credit report reserves, reliable and recurring income, and the cumulative effect that these and If you still have Technical Support questions, feel free to email. For DO, LendingPad will use FHA Lender ID (if you have one) or Sponsored Originator EIN number from Company Settings but not both.