April 11, 2016
CUA 2016-02: Underwriting Requirement Changes for CU SwiftClose
Effective immediately, our CU SwiftClose® underwriting requirements are being expanded. Loans for which Desktop Originator® (DO®) is used to access Desktop Underwriter® (DU®) are eligible for CU SwiftClose!
In addition, United Guaranty is removing all references concerning DO from our Standard underwriting requirements.
Effective immediately, all loans for which DO is used to access DU are treated the same as loans entered directly into DU.
Our CU SwiftClose Quick Reference has been updated. The Credit Union Underwriting Guide will be updated upon the next release.
© United Guaranty Corporation 2016. All rights reserved. United Guaranty is a marketing term for United Guaranty Residential Insurance Company and United Guaranty Mortgage Indemnity Company. United Guaranty and CU SwiftClose are registered marks. Coverage is available through admitted company only. Desktop Underwriter, DU, Desktop Originator, and DO are marks of Fannie Mae.