Property Inspection Waivers: Disaster Reminder
Loans in process that will be secured by properties located in a disaster-impacted area are ineligible for property inspection waivers (PIWs). We periodically update our systems to deactivate PIW offers in certain disaster-impacted areas that can identified by county or ZIP Code boundaries, but we are unable to identify and de-activate PIW offers on all properties that may have been impacted by a disaster. For more information, view the PIW FAQs and the Assistance in Disasters page.
Effective Saturday, Nov. 18, Desktop Underwriter 10.0 and 10.1 will be updated to underwrite loan casefiles when a borrower has placed a freeze on their credit report at only one of the three credit repositories.
Effective Saturday, Dec. 9, Desktop Underwriter will update the logic that determines the number of financed properties, and will update multiple DU messages.
Trended credit data is now being used in DU.
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