In this blog, we will cover and discuss the automated underwriting system approval, which is also referred to as AUS findings. The automated underwriting system approval is what is needed for a mortgage borrower to go forward with the mortgage process. The automated underwriting system will render three types of findings: approve/eligible per AUS: A/E per […]
How To Get Refer To Approve-Eligible Per AUS To Qualify For Mortgage: There are ways of trying to get a refer/eligible findings to an approve/eligible per automated underwriting system.
In this blog, we will cover and discuss the automated findings of refer versus approve/eligible per automated underwriting system. The U.S. Housing And Urban Development (HUD), the parent of FHA, has changed its algorithms on the Automated Underwriting System (AUS). It is now tougher to get an approve/eligible per automated underwriting system (AUS) for borrowers with […]
In this article, we will cover and discuss refer-eligible per automated underwriting system findings. All mortgage loan applicants need to go through the automated underwriting system (AUS) before the loan process can proceed. If the findings on the automated underwriting system render an approve/eligible, that means the borrower is approved by the AUS. There are […]
In this article, we will discuss and cover the VA automated findings on the automated underwriting systems (AUS). VA loans has more lenient agency mortgage guidelines than any other loan program. All VA loans need to go through the Automated Underwriting System for VA Automated Findings. What is the Automate Underwriting System (AUS) The Automated […]
In this blog, we will cover and discuss how do mortgage underwriters qualify borrowers. Credit scores and income is what determines whether a borrower meets the minimum requirements for a lender to review a mortgage application How Do Mortgage Underwriters Qualify Borrowers is by reviewing all documents provided by the borrower? In this article, we […]
In this blog, we will cover and discuss what is DU automated approval on the automated underwriting system. A sound mortgage loan approval? My Loan Officer told me I had a DU Automated Approval, what is that? There are two types of automated underwriting system approvals. Fannie Mae Desktop Underwriter also referred to as DU […]
In this blog, we will cover and discuss what refer eligible per automated findings mean on government and conventional loans. One of the most FAQs we get at Gustan Cho Associates is What If You Get A Refer Eligible Per Automated Findings? If you get a refer/eligible per automated underwriting system findings, the loan officer […]
In this article, we will discuss VA AUS approval versus manual underwriting on VA loans. VA loans are the best loan program for owner-occupant home buyers. The Department of Veterans Affairs, The VA, is the government agency that insures VA Loans to private lenders who originate and fund VA loans. The Veterans Administration does not […]
In this blog, we will cover and discuss the automated approval from automated underwriting system. It is key to get an approve/eligible per the automated underwriting system for the mortgage process to go forward. In the event the borrower cannot get an approve/eligible and gets a refer/eligible per AUS findings, the file can be manually […]
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