RC_LP_U_303.2 Evaluating Loans with Desktop Underwriter

Member Price: $49.00

Nonmember Price: $79.00

Product Code: DL2-011092-WC-W

Purchase

This is a single-family/residential course.

Desktop Underwriter (DU) is an automated underwriting system developed by Fannie Mae to help mortgage lenders make informed credit decisions on conventional and government loans.

Evaluating Loans with Desktop Underwriter focuses on how Fannie Mae's automated underwriting system can be used to evaluate conventional conforming mortgages with Approve or Refer recommendations. The course begins by describing what loans are eligible for DU evaluation and how to access, navigate, and use DU. It then covers how to interpret underwriting recommendations and review reports accurately. Next, the course reviews DU requirements for credit, liabilities, income and employment, assets, and property. Lastly, the application of DU resubmission guidelines is addressed.

Topics:

  • DU Basics
  • DU Recommendations and Reports
  • DU Requirements
  • Resubmission Guidelines
  • Case Study

    Seat time approximately one (1) hour.

    Copyright 2019.

  • Notes

    This is a self-paced, self-study course. Enroll anytime and take up to 12 months to complete the course.

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