Mortgage

Fannie Mae Collateral Underwriter version 3.0 out soon

Adjusted for lender feedback

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.

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