DU Underwriting and Findings
Comprehensive document for DU underwriting results and key findings.
Last updated
December 2, 2024
The DU Underwriting and Findings document serves as a crucial resource for financial institutions, providing detailed insights into the underwriting outcomes generated through Desktop Underwriter (DU). This document summarizes the findings related to mortgage applications and assists lenders in evaluating borrower qualifications, assessing risk, and making informed lending decisions.
The document is utilized primarily during the mortgage underwriting process, allowing lenders to access essential information about borrower profiles, loan details, and recommendations for risk assessment. This information is vital for effective decision-making and enhances the overall efficiency of the loan processing workflow.
Extractable Data Fields
Below is a table listing the key data fields that Vaultedge can extract from the DU Underwriting and Findings document. Please refer to the table below for detailed information.
Yes | text | | Expense Ratio With Undisclosed Debt | Yes | text |
| First P And I Qualifying | Yes | amount |
| Amount Of Second | Yes | amount |
| Proposed Total Housing Expense | Yes | amount |
| Expenses Proposed Negative Net Rental | Yes | amount |
| Expenses Proposed Subj Neg Cash Flow | Yes | amount |
| Expenses Proposed Haz Ins | Yes | amount |
| Expenses Proposed Taxes | Yes | amount |
| Expenses Proposed Mtg Ins | Yes | amount |
| Expenses Proposed HOA Fees | Yes | amount |
| Expenses Proposed Supplemental Property Insurance | Yes | amount |
| Expenses Proposed Other Monthly Payments | Yes | amount |
| Expenses Proposed All Other Payments | Yes | amount |
| Expenses Proposed Monthly Debt Expense | Yes | amount |
| Total Housing Expense | Yes | amount |
| Verified Assets | Yes | amount |
| Funds Required to Close | Yes | amount |
| Reserves Required to be Verified | Yes | amount |
| Total Funds to be Verified | Yes | amount |
| Fund Cash Back | Yes | amount |
| Fund Net Cash Back | Yes | amount |
| Fund Reserve | Yes | amount |
| Fund Shortage | Yes | amount |
| Line 1 Borrower Name | No | text |
| Line 1 Borrower Credit Score | No | number |
| Line 2 Borrower Name | No | text |
| Line 2 Borrower Credit Score | No | number |
| Line 3 Borrower Name | No | text |
| Line 3 Borrower Credit Score | No | number |
| Borrower Name | Yes | text |
| Borrower First Name | Yes | text |
| Borrower Last Name | Yes | text |
| Co-Borrower Name | Yes | text |
| Property Address Full | Yes | text |
| Property Street Address 1 | Yes | text |
| Property Street Address 2 | Yes | text |
| Property City | Yes | text |
| Property State | Yes | text |
| Property Zipcodecode | Yes | number |
| Loan Number | Yes | text |
| NFIP Community Number | Yes | number |
| NFIP Map Number | Yes | text |
| Flood Zone | Yes | text |
| Preparers Name | Yes | text |
| Flood Certificate Number | Yes | number |
| Date of Determination | Yes | date |
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