Fannie Mae will release Collateral Underwriter version 3.0 during the weekend of Sept. 26 to better fit user needs.

The update will make the appraisal data and CU findings available in the CU web-based application within 10 minutes of the submission of an appraisal to Fannie Mae in the Uniform Collateral Data Portal.

This new version is based on lender feedback and enhances lenders' ability to use CU near real-time in their workflows to support appraisal quality control.

In early 2015, Fannie made Collateral Underwriter available to lenders as part of its industry tools package, which also includes Desktop Underwriter and Early Check. Together, the package helps lenders make loans with confidence, Fannie said.

About the Author

Most Popular Articles

Freddie Mac: Mortgage rates reverse course from last week’s low

This week, the average U.S. fixed rate for a 30-year mortgage jumped to 3.69%. That’s still more than a percentage point lower than the 4.85% of the year-earlier week.

Oct 17, 2019 By

Latest Articles

September’s home sales nearly hit 3-year high

In September, America’s home sales climbed 8.1%, representing the largest year-over-year increase since 2016, according to the RE/MAX National Housing Report. Once again, buyer demand outpaced home sales, resulting in the largest inventory decline in over a year.

Oct 18, 2019 By