Tag: Day 1 Certainty

Fannie Mae – DU Validation Service Release Notes – Effective October 17, 2020 & Best Practices for Income and Employment Verifications Job Aid

Written by: Lloyd Rutherford, Staff Writer With this guideline update Fannie Mae is making a big announcement that will affect your processing flow and rep/warranty status on your files. This is a must read for anyone in retail or wholesale origination. Rule Synopsis: Fannie Mae discontinues employment and income validation using manual reports. Fannie Mae […]

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FAQs for COVID-19 Impact – Fannie Mae Lender Letter 2020-3, 2020-4- Freddie Mac Bulletin 2020-14 and FAQs.

Written by: Lloyd Rutherford, Staff Writer Staying up to date with all of the temporary guidance for COVID-19 is a challenge, to say the least.  Our experts are scouring through all of these updates and breaking them down to help guide you through these changes. Rule Synopsis: The GSE’s (Fannie Mae and Freddie Mac), at […]

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Fannie Mae – FAQ’s: DU Validation Service FAQs – Updated April 16, 2019; DU Validation Service Messages – Updated April 9, 2019 and Introducing the DU Validation Resource Center

Written By: Lloyd Rutherford, Staff Writer Technology at the agencies is advancing quickly, and if you’re going to compete you must keep up with it as well.  This article provides new resources from Fannie Mae to take your services to the next level. Rule Synopsis: Fannie Mae created a new resource page/center for all things […]

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Fannie Mae & Freddie Mac – Uniform Residential Loan Application (URLA) / Uniform Loan Application Dataset (ULAD) FAQs – Updated February 26, 2019

Written By: Lloyd Rutherford, Staff Writer It’s just around the corner!  Soon we’ll all be using the new loan application.  Read through this update for additional FAQs published by Fannie Mae and Freddie Mac. Rule Synopsis: Fannie Mae and Freddie Mac published an updated FAQ document for the new “Uniform Residential Loan Application” that is […]

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Fannie Mae – Desktop Underwriter (DU) Validation Service Message Rewrite FAQs – Dated November 29, 2018 – Effective March 23, 2019

Written By: Lloyd Rutherford, Staff Writer Day 1 Certainty usage is growing fast.  If you work with Day 1 or DU, this article will prepare you for upcoming changes to the DU Validation Messages. Rule Synopsis: Fannie Mae released an FAQ document to address the changes that will be coming to the messages associated with […]

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