MyCommunity and Expanded Approval Loans
Effective immediately for all MyCommunity and/or Expanded Approval loans that have not been locked with Guaranteed Rate will be required to use DU/DO Version 7. If your loan is currently floating the loan must be re-submitted to our Underwriting department using DU/DO Version 7 findings as your current approval is no longer valid. Loans that are currently locked must be closed and funded by end of business on July 31st, 2008. Extensions and re-locks will cause your loan to be re-underwritten using DU/DO version 7 result.
Please feel free to contact your VP of Wholesale Lending or the Commitment Desk for further clarification if needed.
Thank you for your continued business!!