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 ?
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.
First Horizon unveils 'FAMUS' new technology for brokers
Automated mortgage underwriting has streamlined the mortgage process.
Fannie Mae CEO: housing is the decade's new economic powerhouse
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.
ProCore Group Inc. of University Heights, Ohio Announced the Start of the Good Faith Financial Group, LLC --GFFG--
While there have been a number of positive developments in housing in recent years, automated mortgage underwriting represents a quantum leap forward.
Brendsel on housing policy
Basis100"), for use of its proprietary Automated Mortgage Underwriting System (AUS) in Canada.
GE Capital Mortgage Insurance Signs Exclusive License Agreement With Basis100 -- Partnership Will Advance Revolutionary Automated Underwriting Technology In Canada
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.
Fannie Mae's Jim Johnson pledges to eliminate duplicate fees for automated underwriting; announces "Best Connections," company's initiative to make mortgage underwriting technology less expensive and easier for lenders 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.
Freddie goes with DataQuick
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