NDC-004 Fannie Mae Approved Projects and Desktop Underwriter (UI) Integration
NOTICE TO NON-DELEGATED CORRESPONDENTS
Fannie Mae Approved Projects and Desktop Underwriter (DU) Integration
Great news! Desktop Underwriter (DU) will now provide Condominium Project information from Fannie Mae’s Condo Project Manager (CPM) in the Property and Appraisal Information section of the DU Underwriting Findings report starting with new DU loan submissions on or after June 23, 2025.
How will this work?
DU will retrieve the project eligibility status if the project is approved by Fannie Mae as noted in CPM and DU will return the following Fannie Mae status messages:
- CPM Approved by Fannie Mae: The message will specify that the project has an Approved by Fannie Mae status and that the lender must validate that the project and unit have the required insurance coverage (see details in the “Insurance Review for Projects with CPM Approved by Fannie Mae message in DU” further in this Bulletin).
Note: Loans that receive a CPM Approved by Fannie Mae status message in DU will retain the Approved by Fannie Mae status up to the credit report expiration date specified on the DU Underwriting Findings report. If the lender changes the CPM ID, project name, address (state or zip code), or credit report in DU, the project eligibility status may change and result in the loss of the CPM Approved by Fannie Mae status message.