A Fannie Mae DU casefile has an Approve/Eligible finding based on $10,000 monthly qualifying income and $4,000 monthly qualifying debt. The lender discovers another required $520 monthly obligation; all other inputs remain unchanged. What must the lender do before relying on the finding?
Correct Answer
D) Add the obligation and resubmit to DU because the recalculated DTI exceeds the applicable tolerance
D. Update the debt and resubmit the casefile to DU. Original DTI is $4,000 ÷ $10,000 = 40%. Revised DTI is $4,520 ÷ $10,000 = 45.2%. The increase is 5.2 percentage points and crosses 45%, satisfying the guide’s resubmission triggers. Scope and exceptions: Not every changed input requires resubmission; the guide lists tolerances. The $520 amount alone would not prove a trigger without income and prior debt. A new recommendation must still be evaluated with its conditions and other eligibility requirements. Source: Ensuring DU Data and Delivery Information Accuracy: debt changes and DTI triggers — https://selling-guide.fanniemae.com/sel/b3-2-10/accuracy-du-data-du-tolerances-and-errors-credit-report
Why This Is the Correct Answer
D. Update the debt and resubmit the casefile to DU. Original DTI is $4,000 ÷ $10,000 = 40%. Revised DTI is $4,520 ÷ $10,000 = 45.2%. The increase is 5.2 percentage points and crosses 45%, satisfying the guide’s resubmission triggers. Scope and exceptions: Not every changed input requires resubmission; the guide lists tolerances. The $520 amount alone would not prove a trigger without income and prior debt. A new recommendation must still be evaluated with its conditions and other eligibility requirements.
Why the Other Options Are Wrong
Option A: Decline the loan outright, as an undisclosed debt ends the file
Discovery alone does not establish that the corrected loan must be declined.
Option B: Refer the file to manual underwriting without rerunning the engine
It bypasses required resubmission without establishing a manual-underwriting basis.
Option C: Keep the finding, because the engine approved the file 3 days ago
A recent finding does not excuse materially inaccurate inputs.
Exam Tip
Recalculate DTI and compare the change with the applicable tolerance—not the age of the prior finding.
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