Automated Underwriting System


Also found in: Acronyms.

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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Commerce Velocity's robust BrokerConnect portal and automated underwriting systems equip BSM's brokers with a complete credit and decisioning platform to qualify prospective borrowers instantly for "best-fit" products and pricing complete with conditions, exceptions and stipulations.
Our new automated underwriting system will operate more quickly, openly, accurately and fairly to determine a person's qualifications for FHA mortgage insurance, and will help more families become homeowners," Cuomo said.
Unlike first-generation automated underwriting systems, Mozart AUS offers Lancaster the flexibility to automatically price, select and underwrite all conforming and nonconforming loans, including alt-A, subprime and interest-only [10] products.
LoanScoreCard is a an automated underwriting system (AUS) approved by the Department of Housing and Urban Development (HUD) that determines a loan's eligibility for FHA insurance.
June 12 /PRNewswire/ -- Pinnacle IT Development, a leading provider of innovative technology to the financial services industry, announced today that Trilogy Commercial Lending has launched phase one of the Commercial Automated Underwriting System (CAUS) to their small balance commercial lending clients.
As part of a new technology built into Marksman, the mortgage industry's preferred product and pricing engine and lead management solution, Bullseye links mortgage companies with National Credit Agencies and offers a complete Automated Underwriting System including connectivity to Fannie Mae's Desktop Underwriter or Freddie Mac's Loan Prospector.
For those clients seeking a PPE coupled with a comprehensive automated underwriting system (AUS) system, development agreements have been executed with Loan-Score Decisioning Systems and PriceMyLoan.
10 /PRNewswire-FirstCall/ -- ILOG(R) (Nasdaq: ILOG; Euronext: ILO, ISIN: FR0004042364) today announced that Belgium insurance company, Touring Assurances, part of the AXA Group, has deployed ILOG JRules(R) for its new automated underwriting system which is based on a Service Oriented Architecture (SOA) approach.
This includes users of OpenClose, a single-source-code, end-to-end automated mortgage system, and Decision Assist, a loan pricing and automated underwriting system.
McLean, Virginia-based First Guaranty Mortgage Corporation (FGMC) has deployed PriceMyLoan (PML), a loan pricing and automated underwriting system.
The addition of a product and pricing engine (PPE), an automated underwriting system (AUS) and Federal Housing Administration (FHA) eligibility decisions to its mortgage origination platform further solidifies Calyx's end-to-end offering, according to the company.

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