Fannie Enhances DU

Fannie Mae has announced a new design for Desktop Underwriter as well as new features that include an online help center and consolidated access to DU for wholesale lenders.For the first time, wholesalers will be able to log on to a single application for all their loan processing and underwriting needs while still offering services to their mortgage brokers via Fannie Mae's Desktop Originator, the government-sponsored enterprise said. The online help center recognizes where a lender is in the loan submission process and, through Web and chat features, provides quick online access to a database of information about DU, Fannie Mae said. "Fannie Mae incorporated customer feedback and usability research to develop these important system enhancements to Desktop Underwriter," said Terri Davis, managing director for Fannie Mae/eBusiness. ".... Now both retail and wholesale lenders will not only have the benefits of increased functionality, easier navigation, and a new visual design, but a reliable, secure system with 24/7 availability and a 99.9% uptime performance." Fannie Mae can be found online at http://www.fanniemae.com.