Supporting quality control using DU validation service
We all know that loan quality matters. The process of assessing quality through your pre-funding and post-closing quality control (QC) is both a Fannie Mae Selling Guide requirement and a key component of your own risk management.
Fannie Mae considers striving for loan quality to be a shared commitment between lenders and Fannie Mae.
Here you’ll find information about QC requirements, process relief, and other responsibilities when leveraging the DU validation service.
Note: Fannie Mae expects vendors on our platform to provide high-quality data. As part of our ongoing vendor monitoring, we encourage lenders to report any data discrepancies they see in any third-party verification reports to Day 1 Certainty Data Discrepancy mailbox.
Lender QC Requirements
In all cases, the lender is responsible for reviewing the whole file (including for any contradictory information) and for re-verifying any components of the loan that were not validated by DU, in accordance with the Selling Guide.
Also, the lender is responsible for complying with any other pre-funding and post-closing QC requirements in the Selling Guide.
Pre-Delivery Report: DU Validation Appraisal Waiver and Appraised Value Certainty
Obtain a pre-delivery view of casefiles and borrower-level details
Post-Delivery Report: DU Validation Appraisal Waiver and Appraised Value Certainty
View post-delivery, lender-level, and loan-level details to improve internal workflows
Positive Rent Payment History Report
If you reference an asset report, you could identify where consistent rent payments help the casefile and increase approved/eligible recommendations