Theoretically speaking, the complete Scorecard was accessed using an automated Underwriting Program (AUS) that’s maybe not a keen AUS by itself. But our company is getting into the fresh new weeds here.

The point is that all FHA purchase financing must initially wade thanks to an automatic underwriting system that uses the total Scorecard algorithm, and many would be flagged getting a hands-on opinion.

• In the event the a debtor was really-licensed without the warning flag, these are generally approved due to Complete without the need for individual/tips guide underwriting.
• In some cases, the algorithm will choose a problem and you can downgrade the loan document. Consequently an individual underwriter need to step up and you can manually comment the fresh file. Continue reading What direction to go and Expect In this Processes →