OK, OK I am on a Shakespeare kick, but it goes to the heart of what I am writing about. It is not unusual to hear the people in my office who have been involved in underwriting for years to say “that is not how it was in the old world”. What they mean by that is how underwriting was done before “Automated Underwriting Systems” like Fannie Mae’s (DU) and Freddy Mac’s (LP). These Automated Underwriting Systems have turned the way underwriting is done upside down. I am not going to go over all the things that have brought this about … (29 comments)
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