Guide Update 26-15
:
Substitution Advances
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Primary Audience: Underwriting |
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HIGHLIGHTS |
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Effective for Mortgage Loans Committed as of June 25, 2026, updated the underwriting and Commitment process in DUS Gateway® for MBS Mortgage Loans that include substitution advances. |
Primary Changes
Expanded the Commitment process in DUS Gateway® for managing substitution advances in:
- Part IV, Chapter 6: Structured Transactions; and
- Part IV, Chapter 7: Variable Rate Conversions and Renewals.
Questions
Please contact Christopher Matzke at (703) 833-8660, or [email protected], with any questions.