WHAT IS D U approval?

[Anonymous]

I have DU approval THIS IS GOOD SIGNAL?

[Mark_in_Pasadena]

Desktop Underwriter Software.... https://www.efanniemae.com/sf/technology/ou/du/aboutdu.jsp

So in effect, a computer program approved you, not a human with common sense for more complicated situations.  If you're just a simple W-2 employee, with simple finances, then the computer program can approve you without the need for manual underwriting by a human being.

[DallasLoanGuy]

if the loan officer input good data, then it is very good.

[happy0510]

Isn't DU and AU the same thing?  I got a DU approval as well, but I seen it as AU approval. Confused now!

[ShanetheMortgageMan]

DU is a type of AU, like LP & FHA TOTAL are... confused?  

DU is Fannie Mae's version of automated underwriting (AU), LP (LoanProspector) is Freddie Mac's... FHA TOTAL Scorecard is used when you are applying for an FHA loan, both DU & LP have the ability to "transform" themselves into FHA TOTAL Scorecard... and believe it or not, sometimes running an FHA loan through DU's FHA TOTAL will get a different response than LP's FHA TOTAL.

[happy0510]

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@ShanetheMortgageMan wrote:

DU is a type of AU, like LP & FHA TOTAL are... confused?  

DU is Fannie Mae's version of automated underwriting (AU), LP (LoanProspector) is Freddie Mac's... FHA TOTAL Scorecard is used when you are applying for an FHA loan, both DU & LP have the ability to "transform" themselves into FHA TOTAL Scorecard... and believe it or not, sometimes running an FHA loan through DU's FHA TOTAL will get a different response than LP's FHA TOTAL.

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Awwwe! Geez...Shane. You did it again!

I seen this under  Risk/Eligibilty

1 This loan has been underwritten through DU for government loans using the FHA TOTAL Scorecard

This feels good!! Still no house of course!! Lol

Happy