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Even More Real??

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Frequent Contributor

Even More Real??

( 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?

Current Ficos as of 01/2017 Equifax 640, Transunion 690 Experian 690 Mortgage middle score of 677
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Established Contributor

Re: Even More Real??

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.

Starting Score: 6/17/15 EQ: 589 EX: 593 TU: 579
Current Score: 5/22/16 EQ: 703 EX: 697 TU: 713
Goal: 700s by June 2016
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Frequent Contributor

Re: Even More Real??

Ok. So verification basically? awesome! Ive had nothing but a great experience with the new LO.

Current Ficos as of 01/2017 Equifax 640, Transunion 690 Experian 690 Mortgage middle score of 677
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