DU Error: Error Code DQF0197 ARM Data Found on Fixed Rate Loan
- The Error:
Receiving a hard stop on DU findings for fixed rate loans, unable to bypass the error because of ARM Data being found.
- Example of the Error:
- The Fix:
- Open the loan and select the form "RegZ-LE".
- In this form, navigate to the section “Adjustable-Rate Mortgage”. In this section, remove the value for “ARM Index Type.” After removing this value, it should resolve the DU issue and allow DU to run.