If the subject property contains a unit number, can DU match the property to an existing eligible Fannie Mae loan?
For DU to match the property to an existing eligible Fannie Mae loan, the subject property data for the existing loan must also contain the unit number. Q79. When DU matches the borrower(s) on the loan casefile to an existing eligible Fannie Mae loan, does DU require an exact match on the borrower(s) name? For example, would Mary Smith- Homeowner be matched to Mary Homeowner? DU matches the borrower(s) based on the Social Security number(s) entered on the loan application. The lender must ensure that the Social Security number(s) submitted to DU is, in fact, the correct Social Security number(s) for the borrower(s).
Related Questions
- If the borrower has an existing second mortgage associated with the subject property, may the borrower resubordinate that second mortgage as part of a DU Refi Plus transaction?
- Since Fannie Mae already has the risk on the existing mortgage loan, why is a new property value required?
- Which transactions are eligible for consideration for a DU Refi Plus property fieldwork waiver?
