DU Version 9.0 Update
During the weekend of October 20th, Fannie will be upgrading DU to version 9.0.
DU Approval Changes
Version 9.0 is entirely removing the Expanded Approval recommendations for all loan types except DU Refi Plus. An update to the DU credit risk assessment is expected to result a greater number of Du Refi Plus loans receiving an Approve recommendation.
Appraisal Documentation Requirements
Version 9.0 will no longer be offering appraisal/inspection types 2055, 2075, 1075 and 2095. DU will only be recommending full appraisal types. However, there will still be casefiles which receive the property fieldwork waiver option.
A minimum of 6 months reserves will now be required for all 2-4 unit principal residence transactions. This will not apply for DU Refi Plus loans.
As the result of a logic update, a fewer number of disputed tradeline messages will be issued. Tradelines not indicated as disputed by DU do not require additional investigation. However, payment on the tradeline must be included in the expense ratio if the account does belong to the borrower.
The following chart represents the minimum employment documentation required by DU Version 9.0:
DU Refi Plus Documentation
Base Pay (salary or hourly)
Paystub + W-2 covering most recent year
Bonus, Overtime, and Commission < 25%
Paystub + W-2s covering most recent two-year period
Commission ≥ 25%
Paystub, W-2s, and personal tax returns covering most recent two-year period
Personal tax return covering most recent year
Personal and business tax returns covering most recent two-year period
Second Job, not self-employed
Second Job, self-employed
Follow Us on:
Facebook/IntegraMortgage Linkedin/IntegraMortgage Twitter/IntegraMortgage