Desktop Underwriter

Who is Desktop Underwriter?  

Floify’s integration with Fannie Mae's flagship automated underwriting system, Desktop Underwriter®, provides loan originators with the power to order DU® findings on a loan flow from within the mobile-responsive Floify user interface.

Lenders can additionally use the DU integration to automate the creation of custom pre-qualification letters, when appropriate findings are returned.

 

Integration type: Productivity 

 

What will the Floify—Desktop Underwriter Integration support? 

The Desktop Underwriter integration has two features:

 

DU Pre-Qualification: This portion of the integration requires you to have the Optimal Blue Integration enabled as well. This may require an additional fee on your Floify account.

The Optimal Blue integration is only available for Optimal Blue PPE. The integration will need to be enabled by Optimal Blue to start out. The request to turn on the integration should come from an executive who has the authority to sign an amendment and configure the integration for the company. This may not be available for a single user or single Loan Officer at this time. The Secondary Marketing/Capital Markets department is usually the admin and is the owner of the Optimal Blue configuration if you can reach out to them.

Once everything is confirmed you can have the executive reach out to chuston@optimalblue.com to complete the setup.

 

DU Underwriting Findings: This portion of the integration requires you to have an Enterprise plan with an LOS integration enabled with Encompass, Lending QB, or Byte.

 

Both use cases require you to have a credit integration enabled to automatically pull credit upon completion of the loan application. You can find more information on enabling automatic credit pulls here: Enable Credit Report Automatic Pull.

 

Video Tutorials

Setup Video

 

 

Workflow Video

 

 

How to Set Up and Use

 

DU Pre-Qualification

From the team pipeline, choose the team name in the upper right-hand corner and select the option to navigate to the Company Dashboard:

 

 

Screen_Shot_2020-11-23_at_1.50.05_PM.png

 

 

Navigate to Company Settings and select the Integrations tab:
  

 

Screen_Shot_2020-11-23_at_1.51.06_PM.png

 

 

Scroll down to Fannie Mae Desktop Underwriter Integration and select the option to Edit Fannie Mae Integration Settings:

 

 

Screen_Shot_2020-11-13_at_8.44.17_AM.png

 

 

Select the option to enable the integration, and enter your specific Fannie Mae information including username, password, institution name, and institution ID. Make sure you select Save to confirm the changes:

 

Note: To use the Fannie Mae DU integration with MISMO 3.4, your DU account must be approved for the Limited Production Period.

 

 

Screen_Shot_2020-11-13_at_8.44.24_AM.png

 

 

Navigate to the Apply Now Settings tab:

 

 

Screen_Shot_2020-11-13_at_9.21.30_AM.png

 

 

Scroll down to Apply Now General Settings and select the option to Edit Apply Now General Settings:

 

 

Screen_Shot_2020-11-16_at_7.19.53_AM.png

 

Screen_Shot_2020-11-16_at_7.20.04_AM.png

 

 

Enable the option LO Teams can automatically generate pre-qualification letters from Apply Now.

Make sure you select Save to confirm the change:

 

Note: You must have a credit integration enabled in order to set up this feature.

 

 

Screen_Shot_2020-11-13_at_9.22.38_AM.png

 

Additionally, the following income- and expense-related fields need to be enabled in order to have successful pre-qualification letters returned:

  • Employment Income
  • Other Income
  • Real Estate Income
  • Real Estate Owned
  • Current Address

To access these settings, got to Apply Now Overrides and select Edit Apply Now Override Settings:

 

 

Screen_Shot_2022-07-11_at_4.11.23_PM.png

 

 

From here, ensure the following questions - Current Address, Employment History, Employment Income, Other Income, and Real Estate Income - are marked as required questions:

 

 

Screen_Shot_2022-07-11_at_4.13.36_PM.png

Screen_Shot_2022-07-11_at_4.13.52_PM.png

 

Save the changes to Apply Now Overrides

 

Navigate back Home and select the option to switch back into the user account:

 

 

Screen_Shot_2020-11-16_at_7.28.11_AM.png

 

 

Navigate to Settings and the Apply Now tab:

 

 

Screen_Shot_2022-07-11_at_4.42.25_PM.png

 

 

Select Edit Apply Now General Settings:

 

 

Make sure you have the Enable Credit Report Integration and Push liabilities to loan application on automatic credit pulls checked off:

 

 

Screen_Shot_2022-07-11_at_4.55.34_PM.png 

 

*Note that you have to have a credit integration installed and set up for this.

 

Save those settings and then navigate to the Integrations tab:

 

 

Screen_Shot_2020-11-16_at_7.29.50_AM.png

 

 

Scroll down to Fannie Mae Desktop Underwriter Integration and select the option to Edit Fannie Mae Desktop Underwriter Integration:

 

 

Screen_Shot_2020-11-16_at_7.29.58_AM.png

 

 

Check the box to enable the integration and select Save to confirm the change:

 

 

Screen_Shot_2020-11-16_at_7.30.05_AM.png

 

 

From the team pipeline, navigate to Settings and select the Realtors, Partners tab:

 

 

Screen_Shot_2020-11-16_at_7.28.31_AM.png

 

 

Scroll down to Pre-Qualification Letter Template and select the option to Edit Pre-Qualification Letter Template:

 

 

Screen_Shot_2020-11-16_at_7.30.19_AM.png

 

 

Select the option to Upload Pre-Qual Letter Template:

 

 

Screen_Shot_2020-11-16_at_7.30.26_AM.png

 

 

Select the option to Browse to select a file from your computer. Once done, select the Upload option to upload your template:

 

 

Screen_Shot_2020-11-16_at_7.37.38_AM.png

 

 

Select the option to Prepare Pre-Qual Letter Template:

 

 

Screen_Shot_2020-11-16_at_7.38.06_AM.png

 

 

Select which page of the template you'd like to prepare:

 

 

Screen_Shot_2020-11-16_at_7.38.12_AM.png

 

 

Drag and drop the tags in yellow to place them onto the appropriate place onto the document. Make sure you select Save to confirm the changes:

 

Note: The tags we have available are as follows and can only be used once per page: Borrower Name(s), Borrower First Name(s), Date, Property Address, Loan Type, Actual Sales Price, Loan to Value, Down Payment, Loan Amount, Occupancy, Interest Rate, Lender NMLS.

 

 

Screen_Shot_2020-11-16_at_7.38.23_AM.png

 

 

Navigate to Settings and select the Apply Now tab:

 

 

Screen_Shot_2020-11-16_at_7.58.35_AM.png

 

 

Scroll down to Apply Now General Settings and select the option to Edit Apply Now General Settings:

 

 

Screen_Shot_2020-11-16_at_7.58.42_AM.png

 

 

Select the option to Enable Automatic Pre-Qualification Letters. Make sure you select Save to confirm the change:

 

 

Screen_Shot_2020-11-16_at_7.59.43_AM.png

 

 

Success! A pre-qualification letter will be available for each borrower if qualified in the 'Docs Accepted' tab once the application has been completed.

 

 

DU Underwriting Findings

From the team pipeline, choose the team name in the upper right-hand corner and select the option to navigate to the Company Dashboard:

 

 

Screen_Shot_2020-11-23_at_1.50.05_PM.png

 


Navigate to Company Settings and select the Integrations tab:
  

 

Screen_Shot_2020-11-23_at_1.51.06_PM.png

 

 

Scroll down to Fannie Mae Desktop Underwriter Integration and select the option to Edit Fannie Mae Integration Settings:

 

 

Screen_Shot_2020-11-13_at_8.44.17_AM.png

 

 

Select the option to enable the integration, and enter your specific Fannie Mae information including username, password, institution name, and institution ID. Make sure you select Save to confirm the changes:

 

Note: To use the Fannie Mae DU integration with MISMO 3.4, your DU account must be approved for the Limited Production Period.

 

 

Screen_Shot_2020-11-13_at_8.44.24_AM.png

 

 

Navigate back Home and select the option to switch back into the user account:

 

 

Screen_Shot_2020-11-16_at_7.28.11_AM.png

 

 

Scroll down to Fannie Mae Desktop Underwriter Integration and select the option to Edit Fannie Mae Desktop Underwriter Integration:

 

 

Screen_Shot_2020-11-16_at_7.29.58_AM.png

 

 

Check the box to enable the integration and select Save to confirm the change:

 

 

Screen_Shot_2020-11-16_at_7.30.05_AM.png

 

 

The DU Findings page can be accessed by clicking on AUS Tracking icon towards the right of the borrower's name in your loan pipeline:

 

 

Screen_Shot_2020-11-16_at_8.12.35_AM.png

 

 

You can also access it by navigating into the loan flow (red, yellow, or green icons towards the left of the borrower's name):

 

 

Screen_Shot_2020-11-16_at_8.12.52_AM.png

 

 

From there, you'll select the AUS Tracking option:

 

 

Screen_Shot_2020-11-16_at_8.13.03_AM.png

 

 

 

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