Desktop Underwriter DU

Fannie Mae's automated underwriting system is known as a Desktop Underwriter. It is an automated system that has built in functionality to determine quickly whether the borrower meets criteria of Fannie Mae's underwriting guidelines. 

The Desktop Underwriter DU conducts an analysis of the borrowers provided information on the Uniform Residential Loan Application. It calculates the eligibility of the borrower based upon the Income, Assets, Liabilities, Credit Score, Debt to Income Ratio (DTI) and other financial aspects of the loan applicant derived from the Uniform Residential Loan Application (1003). The desktop underwriter is also integrated with several other third party programs to speed up the approval and processing of your home loan. 

Freddie Mac's Underwriting system is known as a "Loan Prospector" or LP. 

About the Author: Ahsan Bashir is an experienced Tax Consultant based in Irving, Texas, with over 25 years of expertise spanning Taxation, Accounting, Business Lending and Mortgage, Risk Management, Business Insurance, and Business Consulting. Through his firm, Z-Tax & Accounting, he provides comprehensive financial services including Individual and Business Tax Preparation, Bookkeeping, Payroll Processing, and Business Consulting. As an Enrolled Agent authorized to practice before the Internal Revenue Service (IRS), and an IRS Certifying Acceptance Agent (CAA), Ahsan Bashir delivers trusted, professional solutions tailored to the unique needs of both individuals and businesses. 

NMLS: 1965714, NPN: 7702637, PTIN: P01280330, TX Online SOS Notary ID: 126282896

Related Topics:         What is Fannie Mae         Uniform Residential Loan Application               What is a Credit Score              What is Debt to Income Ratio and how is DTI calculated               

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