QUESTION: What does it mean when the loan officer says, “The file has been run through DU?”
ANSWER: “DU” stands for “Desktop Underwriter,” an automated underwriting computer program used to underwrite loans for Fannie Mae. With this program the lender is able to enter the qualifying information about the borrower and the program will provide an approval or it will refer the loan to a manual process. A “refer” status may include suggestions that
may make it possible to achieve loan approval.
