automated mortgage underwriting

automated mortgage underwriting

Loan processing that is entirely or predominantly performed by computers using artificial intelligence, without human assistance or intervention. The computer has a complex set of instructions to follow depending on the data input by the consumer or by a data entry clerk,including ordering credit reports and other financial data and evaluating all borrower information against predetermined profiles for acceptable lending requirements.

References in periodicals archive ?
14 /PRNewswire/ -- The Hispanic National Mortgage Association (HNMA) announced today it has launched HAUS, the first automated mortgage underwriting system that is calibrated to make credit decisions using the non-traditional characteristics prevalent in Hispanic and other immigrant communities.
FAMUS--an acronym for First Horizon Automated Mortgage Underwriting System--is a pre-qualification tool accessible to First Horizon's wholesale broker associates 24 hours a day, providing the tools they need consistently and reliably.
Automated mortgage underwriting has streamlined the mortgage process.
GFFG shall provide contact/call center services in to offer an array of financial products and services using its state of the art technology platform, which today includes computer telephony integration coupled with automated mortgage underwriting system.
com, a fully automated mortgage underwriting and loan pricing engine, is issuing a challenge to mortgage bankers and lenders: Try PriceMyLoan and you'll find it to be the most accurate engine in its class.
While there have been a number of positive developments in housing in recent years, automated mortgage underwriting represents a quantum leap forward.
Speaking to the Mortgage Bankers Association's National Secondary Market Conference, Johnson announced "Best Connections," Fannie Mae's (NYSE:FNM) latest initiatives to make automated mortgage underwriting technology less expensive for lenders, and even easier to use.
SAN DIEGO--(BUSINESS WIRE)--April 5, 1995--Freddie Mac's new automated mortgage underwriting service will use DataQuick Information Systems as an online source of nationwide real estate information, DataQuick announced.
Full browser ?