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Automated Underwriting System

   Also found in: Acronyms 0.01 sec.
Automated Underwriting System

A particular computerized system for doing automated underwriting.

Mortgage insurers and some large lenders have developed such systems, but the most widely used are Fannie Mae's “Desktop Underwriter” and Freddie Mac's “Loan Prospector.”



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Because the solution's automated underwriting system (AUS) component emulates each of United Fidelity Funding's full set of investor underwriting guidelines, loan officers and brokers receive accurate pricing and instant automated underwriting approvals while at the point of sale (POS), which carries the same weight as a human underwriter's decision.
Pinnacle IT Development, a provider of technology to the financial services industry, announced that Trilogy Commercial Lending has launched phase one of the Commercial Automated Underwriting System (CAUS) to their small balance commercial lending clients.
They use the most advanced technology to process and close loans quickly, combining the use of the Internet along with advanced processing software and automated underwriting systems to take the mystery out of approving and closing home loans.
 
 
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