Applications & Technology

Better prepare homebuyers with an early assessment in Desktop Underwriter

Providing an enhanced lender pre-qualification experience

Desktop Underwriter® (DU®) early assessment gives lenders more options for their pre-qualification process in DU. Lenders can submit a single soft pull credit file and receive a conditional DU recommendation, which can determine homebuyer preparedness and mortgage options earlier while consumers are spared the impact of a hard credit check.

New Option for Homebuyers

HomeReady mortgage offers a new $2,500 credit for creditworthy very low-income borrowers.

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Key Benefits for Lenders and Homebuyers

Accepts a single-bureau soft pull credit file, which won’t impact a consumer’s credit score.

Provides loan information, the conditional recommendation, and identifies the potential for HomeReady® loan eligibility, value acceptance (appraisal waivers), positive rent payment history eligibility* and asset, income, and employment validation through the DU validation service*, on a conditional basis, in the DU Findings Report.

*if verification reports are submitted

DU early assessment accepts a minimal dataset for submission.

Lenders can use the same casefile ID from pre-qualification through loan application and delivery.

Note: At the time of loan application, the casefile must be re-submitted to DU with a standard tri-merge credit report.

Approved Credit Information Providers

Lenders should work with their credit information provider to ensure they meet all terms and conditions prior to requesting a soft pull credit report.

Advantage Credit Bureau CIC Mortgage Credit, Inc. Data Facts, Inc. NCRA* United One
Advantage Credit, Inc. by Credit Interlink CoreLogic Credco Equifax Mortgage Solutions Partner's Credit and Verification Solutions Universal Credit by Xactus
Advantage Credit, Inc. of Colorado Credit Information Systems Factual Data by CBC Premium Credit Bureau Xactus
Advantage Plus Credit Reporting Credit Interlink, Inc. Informative Research Service First Information Systems  
Birchwood Credit Services, Inc. Credit Plus by Xactus KCB Credit LLC SettlementOne  
Certified Credit Reporting, Inc. Credit Technologies, Inc. MeridianLink* SharperLending Solutions, LLC*  

*Supports early assessment via Credit Information Providers (Affiliates).

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