How does a lender know if a DU Refi Plus property fieldwork waiver is offered on a loan casefile?
If a loan casefile is eligible for the DU Refi Plus property fieldwork waiver, the loan casefile will receive two fieldwork messages: 1. one message indicating that the loan is eligible for delivery to Fannie Mae without an appraisal or property inspection, if the DU Refi Plus property fieldwork waiver is exercised by the lender; and 2. a second message indicating the minimum fieldwork required if the lender chooses not to exercise the DU Refi Plus property fieldwork waiver when delivering the loan to Fannie Mae. Q86. If a lender obtained an appraisal or property inspection for a loan casefile submitted to DU prior to the weekend of April 4, resubmits the loan casefile to DU after the weekend of April 4, and the resubmitted loan casefile is offered the DU Refi Plus property fieldwork waiver, is the lender required to use the appraisal or property inspection obtained? Or is the lender allowed to exercise the DU Refi Plus property fieldwork waiver? The lender may exercise the DU Refi Plu
Related Questions
- If a loan casefile receives an offer for the DU Refi Plus property fieldwork waiver, are there situations in which the lender would still need to obtain an appraisal?
- What is the process for exercising the DU Refi Plus property fieldwork waiver, and is there a fee associated?
- Does the DU Refi Plus property fieldwork waiver offer expire?
