( i was attached to an email between the LO and the sales agent today and have a quick question).... See email below:
I have pulled credit, reviewed all income and asset documents and submitted the file to Fannie Mae's Desktop Underwriter (automated underwriting engine). Her file has received preliminary approval subject to final underwriting review.
Does this mean once I pass review im good as long as I dont screw up anything?
This means you were approved through AUS which from what I've read is only as good as the information the LO entered into the system. If everything they entered was correct it's just a matter of you going through underwriting for them to confirm everything.
Ok. So verification basically? awesome! Ive had nothing but a great experience with the new LO.