Collateral Underwriter Integrated with Desktop Underwriter for Better Mortgage Risk Management

In a statement, Fannie May announced the integration of its Collateral Underwriter with the major automated underwriting system in the mortgage lending industry, Desktop Underwriter. CU, as it is known for short, also received integration with EarlyCheck, which is the GSE’s tool for pre-delivery loan eligibility and data assessment.

The Collateral Underwriter tool was announced in October 2014. It was formally launched on January 26th 2015. It is an application for proprietary appraisal analysis. It works to provide mortgage lenders with easy access to different types of data and more specifically to underplaying appraisal, public records and analytics for the purpose of appraisal risk evaluation.

With the use of the applications, lenders analyze mortgage loans before the closing stage to confirm that they are compliant with the standards set by Fannie Mae. This allows for repurchase risk reduction. Collateral Underwriter is available to lenders free of charge. Up to now, the number of mortgage lenders that have signed up for using the tool is almost 800.

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The integration will make it possible for the risk score, messages and flags for appraisal which have been submitted to Fannie Mae to be displayed not only in Collateral Underwriter, but also in Desktop Underwriter and Early Check. This will provide a more “holistic” view of the mortgage loan risk across a great number of applications. This will enable landers to address possible problems before the mortgage is delivered.

The Senior Vice President for Single Family Business Capabilities at Fannie Mae, Marianne Sullivan, commented that the integration of Collateral Underwriter with Desktop Underwriter and EarlyCheck will make it easier for mortgage lenders to work with the GSE. This will be achieved through assisting them with the efficient management of risk. Sullivan also pointed out that all three tools are fundamental for the continuous strengthening of the system for housing finance.



Christian Calvin mortgage Christian is a contributing writer for He is a graduate from the University of Tennessee with a degree in Communications and a concentration in Broadcasting. Christian has served as vice-president for a privately-held company for more than 20 years. Additionally, he has also applied his writing and business knowledge to various websites with a focus on business and sports news . . . both of which are passions. Christian enjoys playing golf and spending time with his family and friends.


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