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IMPORTANT INFORMATION REGARDING YOUR IMPACTED LOAN
We recently discovered an issue with loan casefiles created in Desktop Underwriter® (DU®). From Sunday, July 21st through Tuesday, July 23rd, the system that assigns DU Casefile ID’s inadvertently reassigned existing loan casefile IDs for newly created loan casefiles. The issue was identified on July 24th and resolved that same day.
To ensure your DU casefiles are resubmitted as quickly and easily as possible, we ask that you please resubmit a new DU case (if you have not already done so) for all cases on the attached spreadsheet.
Casefiles marked as Category 1 (please reference the “Category” column or column “N”) have been impacted by the DU Casefile ID duplication error and requires a new DU casefile submission.
Casefiles marked as Category 2 (please reference the “Category” column or column “N”) must also have a new DU casefile submitted. Category 2 casefiles identified in the attached report are impacted by Uniform Closing Dataset (UCD). If these DU loans are submitted to UCD after closing they will fail at UCD submission. These casefiles will not result in an error in DU. However, if you try to use these casefiles for UCD they will fail your UCD submission.
We understand that this is an inconvenience and we appreciate your help. If you have any additional questions, please call 1-800-2FANNIE, or contact your Fannie Mae representative.
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Both the Mortgage and the Assignment of Mortgage must have the section that states “This Instrument Prepared By:” fully completed. Including the name and address of bank.
Effective April 1, 2019
If this information is not fully completed, we will require the documents be corrected and re-recorded.
DO user's - Findings have to be
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