The Desktop Underwriter® (DU®) validation service uses third-party data vendors to independently validate borrower income, employment, and asset data, providing our lenders Day 1 Certainty™ on validated loan components. In addition, other third parties provide approved tools to perform calculations, which also result in Day 1 Certainty for the calculated value. Fannie Mae has an open platform for data vendor participation to provide choices to our customers. Lenders may participate in the DU validation service through relationships with vendors of their choice that can provide Day 1 Certainty validation reports accepted by Fannie Mae. See below for a list of vendor options and eligible reports.
To mitigate the risk that Fannie Mae assumes by offering representation and warranty relief on validated loan components, we have a structured process and guidelines for determining eligible verification reports. However, vendors and other third party tool providers should also expect to be subject to lenders’ requirements and approval processes. Fannie Mae will add more eligible reports in 2018 – see Prospective Report Suppliers for a list of those that have entered Fannie Mae's report supplier assessment process. Suppliers that want to participate should click here.
This vendor information is provided for informational purposes only. CoreLogic, DataVerify, Equifax, Finicity, FormFree, MeridianLink, Inc., NCS (National Credit-reporting System, Inc.), and SharperLending also post lists of vendors with which they have relationships who are distributors of the eligible verification reports*. Lenders with questions should contact the vendor or their Fannie Mae customer account team. Lenders should also ensure that they order the appropriate verification reports from these participating vendors.
Currently the DU validation service accepts the following eligible reports:
Click here to view an easily sortable list of vendors who provide Fannie Mae approved verification reports.
The report suppliers work with various integration technology providers to support the automated ordering and delivery of the Verification Reports. Avantus, CoreLogic, Equifax, First American Mortgage Solutions, FormFree, NCS (National Credit-reporting System, Inc.), SharperLending, and Veri-Tax post lists of integration technology providers with which they have relationships. Please contact the technology provider directly for more information on the specific integrations and services they provide.
Fannie Mae is working to expand the pool of eligible verification reports. Prospective report suppliers for the Fannie Mae DU validation service are listed in the table below. "Coming Soon" indicates that a prospective report supplier is participating in the report supplier assessment process. These entities may or may not meet the requirements of Fannie Mae's vendor assessment framework, and may or may not ultimately participate in the DU validation service. "In Pilot" indicates that a prospective report supplier completed the assessment process and necessary technology integration, and is set up in DU for lender testing on a limited basis as determined by Fannie Mae and may or may not be rolled out more broadly.
The table is updated as status changes occur, and we will notify lenders when additional report suppliers complete the pilot phase and become available in DU for all users.
Report suppliers may sell their reports directly to lenders, have authorized distributors, or both. Vendors that would like to become report distributors should contact report suppliers directly. Check with the report supplier if you have questions about their participation in the DU validation service.
NOTE: Fannie Mae does not endorse any particular vendor, and does not represent or warrant that any report supplier will meet a lender's requirements. Lenders must establish controls to manage and monitor the vendors in accordance with their own regulatory requirements.
|Prospective Report Supplier||Verification of Income/Verification of Employment||IRS Tax Transcript Service for Verification of Income||Verification of Assets|
|Advanced Data||In Pilot||z||z|
|Advantage Credit||Coming Soon||z||z|
|Avantus Corp.||In Pilot||z||z|
|Credit Interlink||Coming Soon||z||z|
|Credit Plus||Coming Soon||z||z|
|Digital Risk||Coming Soon||Coming Soon||z|
|NCS (National Credit-reporting System, Inc.)||Coming Soon||z||z|
|Universal Credit||Coming Soon||z||z|