Equal Housing Lender
Loan originators need to know when to use these codes and where to insert them in the FannieMae.com xml loan application when needed.
Entries noted below should be inputted EXACTLY AS SHOWN, with spaces (no underscores), and are case sensitive! Entry information shown for the five codes can be found in the
Fannie Mae Selling Guide under B3-5.3-09, DU Credit Report Analysis (12/04/2019). Freddie Mac does not have a workaround code for these issues.
Mortgage Delinquency Information
In your xml loan application on FannieMae.com, insert code in “5b. About Your Finances” under DU Policy Feature. If more than one code is needed, click on +Add Description to open additional field. Input EXACTLY as code is shown with spaces and is case sensitive! Then click Done.
[1] B3-5.3-08, Extenuating Circumstances for Derogatory Credit (12/16/2014): https://selling-guide.fanniemae.com/Selling-Guide/Origination-thru-Closing/Subpart-B3-Underwriting-Borrowers/Chapter-B3-5-Credit-Assessment/Section-B3-5-3-Traditional-Credit-History/1032990301/B3-5-3-08-Extenuating-Circumstances-for-Derogatory-Credit-12-16-2014.htm

We are looking for up to 10 licensed mortgage loan originators to be part of this pilot. You can be new or experienced. Call Pam Marron at 727-534-3445, email pam.m.marron@gmail.com or use the form below to be considered for the pilot.
Stay tuned.
Writer Pamela Marron is a licensed Loan Originator NMLS #246438 in Florida who works for Innovative Mortgage Services, NMLS #250769 in Lutz, Fl. Articles written are strictly her opinion and are published to help loan originators, real estate professionals and mortgage clients. This is not used to solicit for business.
Pam Marron | NMLS# 246438
Tara Jerse | NMLS# 2105127
Innovative Mortgage Services, Inc. | NMLS# 250769
Equal Housing Lender