The DU validation service validates your borrower’s income, assets, and employment in just a few clicks through third-party data reports‑increasing speed and efficiency while reducing the need for paper documents.
To align with policy outlined in Lender Letter LL-2020-03, Impact of COVID-19 on Originations, there are temporary changes to the DU validation service in effect until further notice including age of documentation requirements, use of market-based assets, and suspension of employment validation.
Review the April 18 release notes for more information on age of documentation requirements and use of market-based assets.
Review the May 1 release notes for more information on the suspension of employment validation.
Lenders across the country are using the Desktop Underwriter® (DU®) validation service to deliver a superior borrower experience and get Day 1 Certainty®. By digitally validating secure third-party data through DU, you can eliminate the paper chase and get your borrowers approved quickly.
The DU validation service lets you leverage third-party data from over 75 report provider options to streamline collection of borrower income, employment, and asset information.