Data Validation Tab

The Data Validation tab is a one-stop shop for all DVC responses, including: responding to defects, document requests, and reviewing data changes. There is no need for a DVC Specialist to navigate to any other tab within the loan to fulfill requests. Actions taken on other tabs within the DVC loan review, however, will be captured and housed under the Data Validation tab as well.

When you select a loan from the DVC Response Queue landing page, the Data Validation screen appears. This tab displays several rows of information and functionality you need to view the progress of the DVC review, as well as manage the tasks associated with data validation requests, responses, document requests, and task SLAs.

• Task Details 

Lists pending and completed task requests from Fannie Mae along with the request date, task due date and a status of each task (i.e., New, In Progress, Complete). A DVC Specialist may make a request for late delivery request or upload requested documentation as well.

• Comments 

Communicate with the loan reviewer by exchanging comments in Loan Quality Connect. Comments are official communications that are posted to the system and can be seen and answered by both the lender and Fannie Mae in real time. All comments are appended to the page in chronological order and can be sorted by date, type, or user.

• Defect(s) Assigned

Lists all defect(s) that have been assigned to the loan review.

• Lender Response for All Defects Assigned

The DVC Specialist has the option to either Agree or Disagree with all defects assigned to the loan review, in addition to making a comment to submit their response.

• Documents

Lists the documents that have been uploaded to Loan Quality Connect and designates the status of the upload (Accepted, Rejected, Received, Requested, Cancelled, or Closed). Listed chronologically with fields for explanatory information. In addition, you have the capability to upload additional documentation to the loan review, edit the document attributes, provide additional comments, or download the document by clicking one of the three icons.

• Data Changes

This section is informational only and captures any data changes finalized on the loan review.