Home / Headlines / Fannie Mae Adds Vendors to DU Verification List
Print This Post Print This Post

Fannie Mae Adds Vendors to DU Verification List

House on Money BHFannie Mae has recently expanded the list of third-party vendors who are approved to utilize the borrow income, employment, and assets data from the GSE’s Desktop Underwriter (DU) validation service, which was implemented through the Day 1 Certainty Initiative.

According to Fannie Mae, DU is designed to provide customers with enhanced loan origination controls, improved processes, and certainty around the income, asset, and employment information input into DU. When a lender opts-in to use DU and borrower data for a conventional mortgage is submitted, DU will use third-party vendor data to validate the information entered into the service.

The DU validation service will only pull three types of reports: employment and income verification from The Work Number, 4506-T tax transcripts from Equifax, and asset reports from FormFree. Vendors must provide these reports in order to qualify for the validation service.

The list of lenders that has been approved to access these reports are ACRAnet, Advantage Credit, Advantage Credit Bureau, Advantage Plus Credit Reporting, American Reporting Co., Avantus, Birchwood Credit Services, Certified Credit Reporting, UPF Services/Chronos Solutions, CIC Mortgage Credit, CISCO Credit, Clear Choice Credit Corp., Consolidated Information Services, CoreLogic, Credit Information Services, Credit Interlink, Credit Plus, Credit Technologies, Equifax (Tax Transcripts), Equifax (The Work Number), Floify, FormFree, Merchants Credit Bureau, Meridian Link, Midwest Mortgage Credit Services, Partners Credit, Settlement One, Sharper Lending, Universal Credit Services, and Veri-Tax.

About Author: Mirasha Brown

Mirasha Brown is a graduate of Florida A&M University and is pursuing a masters degree at Syracuse University. Born and raised in Florida, she has contributed to public relations and marketing campaigns for Rent The Runway and Billboard. She is a communications specialist with The Five Star and a contributing writer to DS News and the MReport.
x

Check Also

PRMI Expands Service Initiative, Hires New Giving Network Manager

To further expand its service initiative, Primary Residential Mortgage, Inc. (PRMI), a top mortgage lender ...

GET YOUR DAILY DOSE OF DS NEWS

Featuring daily updates on foreclosure, REO, and the secondary market, DS News has the timely and relevant content you need to stay at the top of your game. Get each day’s most important default servicing news and market information delivered directly to your inbox, complimentary, when you subscribe.