Are all DU recommendations eligible for DU Refi Plus?
Approve/, EA- I/, EA- II/, and EA- III/Eligible recommendations are eligible for DU Refi Plus. Loan casefiles underwritten as DU Refi Plus that exceed the maximum allowable total expense ratio will not receive a Refer recommendation, but will receive an Ineligible recommendation due to the total expense ratio. If a loan casefile was underwritten as a DU Refi Plus loan and: received an Approve/, EA-I/, EA-II/, EA-III/Ineligible recommendation with the only reason for the Ineligible recommendation being an excessive debt-to-income ratio or an LTV ratio over 105 percent (for loan casefiles underwritten prior to the DU Version 7.1 September Update), or the loan received a Refer with Caution/IV recommendation, the lender may convert the DU loan casefile to a Refi Plus (manual) transaction (see Announcements 09-20, 09-23, and 09-26). In all cases, if the lender is converting a loan from a DU Refi Plus to a Refi Plus (manual) transaction, the lender must be the current servicer of the loan an
