Fannie Mae’s Desktop Underwriter (DU), the most widely used automated underwriting system in the market today, gives you even more power with the DU validation service.
With the Desktop Underwriter® (DU®) validation service, mortgage lenders process more loans faster, while offering customers a superior borrower experience. By digitally validating secure third-party data through DU, you can get your borrowers approved quickly with no financing contingencies, granting them greater confidence while they’re looking for their dream home.
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 documentation.
“Customers don't wake up every day saying I want to go buy a mortgage, but they do wake up and say, I want to go buy the home of my dreams, and we want to make that easier for them. In order to do that, we have to leverage technology, data and decisioning, and get paper out of the process.”
—Stephanie Wenkel, Originated Loans Delivery Manager, Change Management, U.S. Bank Home Mortgage
“Using the momentum we’ve created through Day 1 Certainty, we’ve created a process where a loan can come in and be out of underwriting in a couple of days. I don’t have issues closing loans in two weeks.”
—Eric Weiss, Guild Mortgage Sales Manager
Lenders who have successfully integrated the DU validation service into their loan workflow are seeing cycle time reductions from application-to-close date of up to eight days when income and employment are validated at the loan level.