Automated Underwriting – LP vs DU

The auto industry has done it with self parking cars.  The vacuum industry has done it with automated vacuums.  Automation is now a part of the mortgage industry as well! Apply for a Home Loan  Team@JeremyHouse.com 602.435.2149 Mortgage lending depends on "automated underwriting".   Automated underwriting involves a computerized analysis for each loan application.  2 primary automated underwriting systems currently exist in mortgage lending.  They are: Desktop Underwriting ("DU") … [Read more...]