Universal Credit Services is pleased to announce that Fannie Mae has approved Universal Credit Services as an Authorized Report Supplier of eligible verification reports for the Desktop Underwriter® (DU®) validation service from Fannie Mae.
Day 1 Certainty is a Fannie Mae initiative that streamlines loan processing and offers lenders relief from certain buybacks. Lenders receive certainty regarding income, assets, and employment information that has been validated by the DU validation service. With validation, lenders will receive freedom from representations and warranties on validated loan components regarding the accuracy of income and/or asset calculation, borrower employment status, and the integrity of the data from the vendor.