Appraisal waiver and representation and warranty (R&W) services will still be available during the CU maintenance window from 12 a.m. (midnight) until 8:30 a.m. on Sunday, January 19, 2020. Lenders will not need to resubmit to DU after the outage to see appraisal waiver or collateral R&W messages.
Fannie Mae has published the updated implementation timeline and mandate for use of the redesigned Uniform Residential Loan Application (URLA/Form 1003) and updated DU Specification, as well as updated supporting documents.
Details on the 2020 general and high-cost area loan limits and updated resources are available. The new loan limit for most of the country is $510,400, indicating a 5.38% increase over the 2019 limit.
Have a question? Access the page below to contact the Technology Support Center for help.
Check out the new Quarterly Milestones roadmap to stay on track with product launches, mandates, and other information. The roadmap will be updated on an ongoing basis.