DU Version 10.0 is Here!
DU Version 10.0 will provide more certainty and simplicity to lenders while expanding access to credit and sustainable homeownership for creditworthy borrowers by providing enhanced credit risk assessment including the use of trended credit data, automated underwriting of loans for borrowers with no traditional credit, and automated underwriting for borrowers with multiple financed properties.
Review the Release Notes and see below for more information including a DU Version 10.0 eLearning Course, FAQs, and more information on trended credit data.
|Course Title||Date & Time|
|Discussing Top Identified Loan Defects||Oct. 12 at 2 pm ET|
|Leveraging Collateral Underwriter for Underwriting and Quality Control||Oct. 24 at 3 pm ET|
Fannie Mae's Test Credit Agency was updated to be compatible with Desktop Underwriter Version 10.0.
The GSEs announced the release of their AUS specifications updated to MISMO v3.4, along with the dynamic version of the redesigned URLA (Form 1003), as well as the URLA Spanish Translation Aid.
Register for a live webinars to learn about the redesigned URLA and get your questions answered regarding the differences between the current and redesigned URLA (Form 1003).
Trended credit data will be used in DU starting with Version 10.0
Have a question? Access the page below to contact the Technology Support Center for help.
Stay on course with upcoming news and timelines.