DESKTOP ORIGINATOR FANNIE MAE INTERFACE * This document is the proprietary property of Land Home Financial Services, Inc. and is not to be shared with anyone outside of the company.
STEP 1: INTERFACES Complete Loan Input: Select interfaces, then Fannie Mae Interface Clear Data Integrity Check Items: This is critical to avoid errors in DO
STEP 2: DESKTOP ORIGINATOR Select Desktop Originator NOT Underwriter Data Integrity Check should be green! Select Credit & Underwriting the first time you run to reissue credit report. Once that is complete, you will run Underwriting to update details of loan.
STEP 3: REISSUE CREDIT REPORT Reissue an existing credit report associate it with the casefile. Don’t request a new credit report. This will pull a Fannie Mae report which LHFS does not accept.
STEP 4: ENTER CREDIT REISSUE CREDENTIALS Credit Reference # easily found in Credit Score section of Borrower Information Tab (copy/paste) Make sure the correct Credit Agency is selected based on the report pulled. See next page for account info. Select NO for auto-populate for liabilities to 1003.
CREDIT PLUS ACCOUNT INFORMATION: Credit Plus Account: Within approximately hours from your hire date you will receive a welcome from IT that will contain all of your log-in information. Password to open is the last 4 of your SSN. You will see that you will have received immediately your Credit Plus Login Information in this welcome . You will use the Credit Plus Credentials when you run Fannie Mae DO and have used Credit Plus for your credit pull.
CREDCO ACCOUNT INFORMATION: Credco Account: ed directly from Credco within 3-4 days of hire date. You will use these login credentials when you run Fannie Mae DO and have used Corelogic Credco for your credit pull. Save these for future reference.
STEP 5: SELECT SUBMISSION OPTIONS 1. Select Submission Option: Land Home Financial Services, Inc. 2. Leave blank 3. Select a Product: All Products. ALWAYS INTERIM!
STEP 7: PATIENCE… … … … … …
STEP 8: RESULTS Select Underwriting Recommendation: View and print findings
STEP 8: RESULTS Print Report or Return to Loan Information: You will need to print report PDF so you can upload into imaging bucket for processing. Check Data for Accuracy: Check data, specifically the LTV/CLTV calculations and DTI ratios to ensure they match your file. View Risk / Eligibility: Pay close attention to these findings.
EDIT LOAN DATA: Select Return to Loan Information from inside findings. Edit Loan: You can edit any loan details and resubmit to update your findings.
EDIT LOAN DATA: Use Quick Links on left side: Navigate through file and make appropriate updates. Select submit to rerun findings.
RE-RUN DO: Interfaces / Fannie Mae Update PC Lender file then open Fannie Mae Interface Select Underwriting Only now that credit is imported.
RE-RUN DO (CON’T)…
COMMON DO ERRORS: General Failure: Login Credentials were not input correctly. Re-run credit/underwrite and re- issue credit report with correct log in & reference #
COMMON DO ERRORS: FHA Section of the Act missing: Go back to edit loan. In the Government tab, update the section of the act and submit.
COMMON DO ERRORS: FHA Gift Source Error: Make sure to go into DO Details and select the appropriate gift source. This does not populate from PC Lender.
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