Automated Underwriting System (AUS) Guide
Version History
Version
Date
Change
1.0
July 25, 2023
N/A
1.5
October 11, 2023
Added paragraphs on risk assessment and data input to AUS to Module 1.
Replaced Module 2: AUS Findings with Module 2: Desktop Underwriter (DU) Basics and Module 3: Loan Product Advisor (LPA) Basics.
Content Outline
Module 1: Introduction
Module 2: Desktop Underwriter (DU) Basics
Risk Factors
Risk Factors for Loan Casefiles Where No Borrower Has a Credit Score
Cash Flow Assessment for Loan Casefiles Where No Borrower Has a Credit Score
Analysing Reports
DU Recommendations
General Lender Requirements
Module 3: Loan Product Advisor (LPA) Basics
The 3 Cs of Underwriting Factors Used in Freddie Mac’s AUS Assessment
The Feedback Certificate
LPA Recommendations
Keep in Mind