Real estate blog entries tagged with automated underwriting by Shane Milne (First National Bank of Layton)

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Home : Blogs : Shane Milne : Shane Milne's Blog : Tag "automated underwriting"

automated underwriting: Oil & Water (Inside today's mortgage underwriter's head) - 03/16/10 04:04 PM

Oil and Water
Written By: Bonnie Wilt-Hild
Senior DE Underwriter & NAMP InstructorOil and water, two things that we all know do not mix well due to incompatible molecular structures, have become the poster child for underwriting with AUS. That’s correct, Oil (AUS) and water (manual underwriting). “How so”, you ask and the answer is a very simple one. We are still required to utilize automated underwriting on all cases that we underwrite. However, the findings don’t mean a thing where documentation waivers or loan approval is concerned.

http://www.mortgageprocessor.org/mortgage-loan-processor/2010/03/oil-and-water.html

Great article written by someone who underwrites FHA loans … (1 comments)

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Shane Milne

Laguna Niguel, CA

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First National Bank of Layton

Address: 24452 Sunshine Dr, Laguna Niguel, CA, 92677

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