The Desktop Underwriter® (DU®) validation service leverages third-party data from verification report vendors to validate borrower assets, income, and employment.
Follow these steps to help get the benefit of shorter cycle times, reduced paperwork, a better borrower experience, and Day 1 Certainty® with relief from certain representations and warranties.
For detailed information and requirements, see the DU Validation Service Reference Guide. Login is required.
How to Activate
Step 1 - Select your third-party data vendor(s)
- Review the list of Fannie Mae authorized report providers and eligible verification reports. You may participate in the DU validation service through relationships with vendors of your choice that can provide Day 1 Certainty.
- Consider contracting with multiple vendors to meet your needs for asset, income, and employment validation.
- You should also consider any technology changes you may need to make to integrate the DU validation service with your loan origination system.
- Check if the vendor(s) offer white-labeling capabilities for asset validation and/or eConsent.
Step 2 - Complete vendor contract and activation process
- Negotiate fees, and ensure appropriate SLA(s) are part of contract(s).
- If you will be providing a vendor's report ID in the DU submission, you can start using as soon as your contract with the vendor is complete.
- To automatically obtain reports using the Lender Loan Number from Equifax - The Work number or distributors of its reports, complete the Equifax setup form.
Step 3 - Start using the DU validation service
Once you have contracted with verification report vendor(s), you can begin using the DU validation service.