What Is Automated Underwriting?
People make mistakes. It is a fact of life. Loan Officers overlook a credit requirement, an income stipulation, a property type limitation or any other guideline that may affect your ability to qualify. It happens more often than it should. This very reason is why we eliminated the Loan Officer.
Our automated underwriter, which is a state of the art computer underwriting system, is loaded with every guideline, restriction, limitation and, more importantly, every loophole on how to get your loan approved. Once you fax your application to one of our experienced Processors, they will run your loan application through the automated underwriting engine. The automated underwriter will issue a full blown approval at that time. It does not guess. It does not approximate. It gives a definitive “Approved” or “Declined” response.
The best part of this automated underwriter is that the approval is issued upfront! You are not left in limbo hoping for an approval after you have invested days or weeks with a Loan Officer and spent your hard earned money on an appraisal before you even know if you can qualify for the loan. Eliminate the Loan Officer and get your automated approval upfront.
A salesperson has a commission on the line. Often their desire to earn that commission impairs their judgment. Our automated underwriter is impartial, objective and precise. Which one do you trust with your new home loan?