Fannie’s DU Upgrades Reduce Amount of Required Data
April 12, 2004
Fannie Mae is updating its Desktop Underwriter to reduce the amount of data required for conventional loans submitted to its automated underwriting system for evaluation. The new DU version is expected to help especially borrowers with non-traditional credit histories. All new loans submitted to DU on or after April 17, 2004, will be underwritten with DU Version 5.4, according to a Fannie Mae eBusiness Solutions release note.