Applications & Technology

Collateral Underwriter

Offering powerful collateral risk management for lenders

Collateral Underwriter® (CU®) is a web-based application provided at no charge to help lenders manage collateral risk as part of their underwriting and quality control processes. The application uses appraisal data and advanced analytics to help identify and research appraisals with overvaluation, appraisal quality, or property eligibility/policy compliance risks.

Collateral Underwriter logo
Collateral Underwriter Availability

Every day, 24 hours a day, except from midnight to 4 a.m. ET the first and third Sundays each month due to maintenance.

All Technology Application Availability
Benefits

Enjoy certainty on appraised value with freedom from representations and warranties (reps & warrants) on property value for eligible appraisals with CU risk scores of 2.5 or lower as part of Day 1 Certainty®.

Using CU’s advanced search capability to segment appraisals by risk may lead to more efficient reviews, reduced loan cycle times, and enhanced QC processes to improve overall appraisal quality.

Leveraging CU to address appraisal deficiencies may reduce repurchase risk and enable lenders to attain rep & warrant relief on appraisals with elevated risk scores.

Unparalleled data and analytics provide market-specific analysis for relevant, meaningful results.

Features

CU performs a comprehensive analysis of 1004 and 1073 appraisals submitted to the Uniform Collateral Data Portal® (UCDP®) and provides real-time feedback with risk scores, risk flags, and messages. CU’s data-rich web application is designed for lenders to investigate and evaluate risk factors reflected in the CU risk score.

Self-serve job aids in CU provide step-by-step instructions for investigating messages and flags as well as tips on what to consider when evaluating the underlying data.

Leveraging a database of more than 37 million appraisals, CU offers a wealth of market data and advanced analytics to help lenders assess and manage their appraisal portfolios, including:

  • Alternative comparable sales
  • Market-level metrics
  • ZIP Code & MSA-level market trends
  • MLS & public records
  • Peer adjustment data
  • Aerial imagery
  • Construction records
Access

CU is provided at no charge to approved Fannie Mae sellers and non-seller correspondent lenders.

Fannie Mae sellers: To register, contact your Technology Manager Corporate Administrator to request access. See the CU User Interface Registration Guide for more information.

Non-seller correspondent lenders: To register, contact your UCDP Lender Administrator (Lender Admin). If you need assistance identifying the UCDP Lender Admins for your organization, contact the UCDP Support Center at 1-800-917-9291 for assistance. See the CU Non-Seller Implementation Guide for more information.

For general information about accessing Fannie Mae systems, visit the Technology Manager page.