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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.
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Aug 7, 2024 · Chapter B3-2, Desktop Underwriter (DU) This chapter describes DU considerations and requirements.
Depend on Desktop Underwriter® (DU®), Fannie Mae’s dynamic application that helps mortgage loan originators streamline the loan process, provide borrowers with sustainable homeownership opportunities and respond swiftly to changing conditions in a competitive market.
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The DU validation service delivers: Automated validation of borrower data, including income, employment, and assets. Lenders can now submit a single asset report with at least 12 months of data for validation for each of these. Less paperwork with fewer documents to collect from a borrower.
