Setup - Automated Underwriting Service (AUS) Fannie Mae
The AUS section is recommended. LoanCatcher℠ is integrated with Automated Underwriting Systems (AUS). Integrations and credentials are configured in this section.
LoanCatcher℠ provides an option to send a loan application to Fannie Mae's AUS system desktop originator (DO/DU®). This allows the DU Underwriting findings reports to be created through the Preliminary Findings feature in Fannie Mae desktop originator DO®, however for ease of reference we will use the term DU to refer to the DO/DU® process.
Prior to using this option in LoanCatcher℠ the following items are required from Fannie Mae:
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active Fannie Mae account.
Contact Fannie Mae directly to open an account if one is not active. -
User name
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Password
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an active integration with a credit provider
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the credit provider must activate the account for use with DU
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DU Sponsoring Lenders to use certain features of DU
Locate Fannie Mae Sponsorship Identifier
Access the Fannie Technology Manager site page and complete the following steps to locate the sponsorship identifier.
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Click Launch App button.
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Log in.
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Locate the Request Additional Sponsorships option.
Look under the My Profile or Company toolbar menu to see this feature. -
Copy or write down the Sponsorship Identifier number next to your company name. The number is usually a 5 or 6-digit number.
Enable Fannie Mae AUS in LoanCatcher℠
The admin in LoanCatcher℠ completes the following actions to enable Fannie Mae AUS.
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Select Home in the top menu.
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Click the Setup drop down in the left hand menu.
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Select AUS.
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Select Add New Vendor
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Complete the following fields:
- User Name
- Password
- Sponsorship Identifier
See the Locate Sponsorship Identifier process for additional steps. -
Click Save