The quintessential appear to-used AUS (automatic underwriting program) applications regarding U.S. home loan community include: What is Automatic Underwriting (AUS)? Automated underwriting (labeled as AUS) is utilized because of the mortgage lenders to determine whether or not to agree your financial application. This type of automated, computer-produced home mortgage underwriting behavior is the typical answer to get approved getting a home loan. Information off a mortgage software (Federal national mortgage association mode 1003) is actually submitted in order to an automated underwriting program (AUS) hence retrieves relevant studies, like a great borrower’s credit rating, and you can arrives at a logic-oriented financing choice. […]