Need a DU / RHS expert

duscarter · Joined: 19 Jun 2008 Posts: 1 1.25 Dollars($)

Anyone know how to get DU to underwrite a RHS loan correctly? I am getting a refer with caution because of a 102% CLTV. Any suggestions?

jameshogg · Posted: Thu Jun 19, 2008 9:22 pm Post subject: RE: DU to underwrite RHS loan

Hi Duscarter,

Welcome to forums.

As per my knowledge, rural housing loans should be entered in the Desktop Underwriter (DU) as 30 year FRMs. After you submit each loan for underwriting purpose, the DU shows the underwriting recommendation in its Case Browser window and on the underwriting reports.

To know more, please refer to http://www.rurdev.usda.gov/wi/programs/rhs/library/FNMA-Desktop-Underw riter-Information.pdf .

Thanks

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