Tag Archive for: Collateral Underwriting

What is a CU Score on an Appraisal?

Collateral Underwriter (CU) is a program developed by Fannie Mae to assess risk. It launched at the beginning of 2015. The CU program helps lenders assess the risk factors associated […]Read More

Appraisal Issues and Fannie Mae’s Collateral Underwriter; The Dreaded CU Score

High “CU Scores” are causing appraisal issues more than ever, and creating a lot of confusion. But what is this Collateral Underwriter? This Collateral Underwriter is a property appraisal review tool that was created by Fannie Mae to provide an automated collateral risk assessment to mortgage lenders as a part of their underwriting process.Read More

Jan. 26: Big Day – FHA MI Drops; CU Appraisal Rule In Effect

January 26th, 2015 is a big day in the mortgage industry. 1. FHA “monthly” MI is lower (down to 0.85% for most loans) for all case numbers ordered from today […]Read More

New CU Tool For Appraisals on 1/26: Much Ado About Nothing?

We are getting asked constantly about the consequences of Fannie/Freddie’s new Collateral Underwriting (CU) Tool coming into play on Jan. 26th. It is risk management software that will pull a […]Read More