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RC_LP_U_303.1 Defining Automated Underwriting Systems

1-5 CMB Points Advanced Education Loan Production (Origination, Underwriting, Processing) Residential Self-Study Web-Based Courses
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Member $50.00
Non-Member $100.00

Defining Automated Underwriting Systems introduces the role of automated underwriting in mortgage lending. Automated underwriting systems (AUS) are technology tools that help lenders make faster and more consistent credit decisions by analyzing borrower and loan data against established standards.

This course provides a high-level overview of how AUS are used, why they matter, and how they interact with manual underwriting. It highlights the two primary systems in use today—Fannie Mae’s Desktop Underwriter (DU) and Freddie Mac’s Loan Product Advisor (LPA)—and explains their similarities and differences. The course also walks through the steps in the automated underwriting process, emphasizes the importance of data integrity and validation, and concludes with a discussion of the role played by the Mortgage Industry Standards Maintenance Organization (MISMO) in supporting AUS interoperability.

This is a single-family/residential course.

Topics:
  • Defining Automated Underwriting Systems
  • Automated Underwriting Process
  • Documentation Requirements
  • MISMO

Seat time approximately 30 mins.

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