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.
To activate the Desktop Underwriter® (DU®) validation service:
Our Best Practices page provides resources to prepare your team to use the DU validation service.
Some materials, including our Desk Resource, include downloadable, customizable versions that you can brand and use as training resources in your organization.
The DU validation service is only one part of Day 1 Certainty®, which helps you simplify lending and put people in homes faster.
Validation of income, assets, and employment through third-party data validation.
Freedom from appraisal requirements on eligible transactions.
Freedom from reps & warrants on appraised value when the Collateral Underwriter® (CU®) risk score is 2.5 or lower.