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Member
Posts: 8
Registered: ‎02-12-2010
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WHAT IS D U approval?

I have DU approval THIS IS GOOD SIGNAL?

Regular Contributor
Posts: 180
Registered: ‎12-11-2008
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Re: WHAT IS D U approval?

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.

 

 

Super Contributor
Posts: 6,698
Registered: ‎07-03-2007
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Re: WHAT IS D U approval?

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

 

 

* While I try to visit the forum often, please feel free to contact me directly with a link to your post if I fail to answer a follow up question.

* Lending across the entire 'Great State of Texas' since 2004
Established Contributor
Posts: 808
Registered: ‎03-07-2008
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Re: WHAT IS D U approval?

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


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Super Contributor
Posts: 8,362
Registered: ‎09-28-2007
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Re: WHAT IS D U approval?

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

 

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.

Established Contributor
Posts: 808
Registered: ‎03-07-2008
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Re: WHAT IS D U approval?


ShanetheMortgageMan wrote:

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

 

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.


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

 

HappySmiley Very Happy


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