Desktop Underwriter Early Assessment Reference Guide

This guide provides detailed information regarding the Desktop Underwriter (DU) early assessment process, which serves as a pre-qualification solution for lenders. It outlines the features of the early assessment, including the ability to submit casefiles using a single bureau soft pull credit file, which allows lenders to receive a conditional recommendation without impacting a borrower's credit score. The guide specifies the requirements for lenders, such as the need to order credit from an approved Credit Information Provider and to enable soft credit reporting. It also describes the compatibility of the early assessment with various loan types and emphasizes the importance of adhering to Fannie Mae's Selling Guide policies. Additionally, the guide includes sections on general setup guidance, third-party provider workflow options, and testing requirements to ensure successful implementation of the early assessment functionality. Overall, it serves as a comprehensive resource for lenders to understand and utilize the DU early assessment effectively.