In a continued effort to make updating technology a priority, the Federal Housing Administration (FHA) has launched a new automated underwriting system (AUS) for lenders originating mortgages for FHA insurance.
The AUS will allow lenders to electronically submit loan application data for single family forward mortgages from their loan origination systems directly to the module and receive mortgage insurance eligibility scoring decisions generated from FHA’s TOTAL Mortgage Scorecard.
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