Tag: Loan Application

Fannie Mae’s Top Trending Questions – Dated June 22, 2020

Written by: Lloyd Rutherford, Staff Writer If there is a trending question with the agencies, then this means that multiple people are asking it.  The trending FAQs is an excellent way to quickly stay up to date and learn new things. Rule Synopsis: Fannie Mae updated their top trending questions. There are 24 questions and […]

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Fannie Mae and Freddie Mac Publish “Go Live” Date for New Redesigned 1003 – Dated January 29, 2020

Written by: Lloyd Rutherford, Staff Writer There have been a lot of changes and also changed effective dates for the new loan application.  Stay up to date on what changed…again…and what you should prepare for in the upcoming months. Rule Synopsis: Fannie Mae and Freddie Mac released the “Go Live” date for mandatory use of […]

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Fannie Mae – Desktop Underwriter/Desktop Originator Release Notes DU Version 10.3 July 2019 Update – Dated May 21, 2019 – Effective July 20, 2019

Written by: Lloyd Rutherford, Staff Writer DU users this is an important update that will clarify some recent changes that you need to know and one that none of us expected to see! Rule Synopsis: Fannie Mae announces an update to their newest DU Version: DU Version 10.3. The changes announced in this release will […]

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Freddie Mac- Multiple Selling Guide Updates – Bulletin 2019-11 – Dated June 5, 2019 – Effective Immediately

Written by: Lloyd Rutherford, Staff Writer This update includes some very important condo changes that could expand your business niche, so be sure to read through all of the details. Rule Synopsis: Freddie Mac is updating their selling guide for a variety of topics. This article will focus on the topics that benefit originators. The […]

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USDA – Update for URLA – Universal Residential Loan Application- Use during Optional Implementation Timeframe

Written By: David Hail, Staff Writer Lenders are in full preparation mode for the new URLA – Universal Residential Loan Application and optional use begins this summer.  But hold your horses on using the new loan application for USDA loans until the mandatory date.  Read this update to clear up the confusion. Rule Synopsis: On […]

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