Desktop Underwriter definition

Desktop Underwriter means ▇▇▇▇▇▇ Mae's automated underwriting system.
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Desktop Underwriter means the ▇▇▇▇▇▇ Mae DeskTop Underwriter AUS.
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Examples of Desktop Underwriter in a sentence

  • Unless defined otherwise in the Transactions Terms Letter, a first lien mortgage loan that fully conforms to all underwriting standards, loan amount limitations and other requirements of that standard Agency mortgage loan purchase program accepting only the highest quality mortgage loans underwritten without dependence on expanded criteria provisions, or that is approved by Desktop Underwriter or Loan Prospector.

  • Non-Arm’s Length Transactions Per Investor Guidelines Credit AUS • FHA: o ▇▇▇▇▇▇ ▇▇▇ Desktop Underwriter (DU) with ‘Approve / Eligible’ or Freddie Mac Loan Prospect Advisor (LPA) with ‘Accept’ recommendation.

  • Lender may underwrite the Mortgage through Desktop Underwriter (“DU”) using the Community Lending product screens, by entering the Mortgage as a Fannie 97 mortgage.

  • In addition, Mortgages under the Initiative are subject to the payment of the general Desktop Underwriter usage fees outlined in the Desktop Underwriter Seller/Servicer Software License and Subscription Agreement between Lender and ▇▇▇▇▇▇ ▇▇▇.

  • These changes will be reflected in the Desktop Underwriter Guide or other written notice from ▇▇▇▇▇▇ ▇▇▇.

  • In addition, Mortgages under the Initiative are subject to the payment of the general Desktop Underwriter usage fees outlined in the Desktop Underwriter Seller/Servicer Software License and Subscription Agreement between Lender and ▇▇▇▇▇▇ Mae.

  • Desktop Underwriter (DU): ▇▇▇▇▇▇ Mae’s automated underwriting system.

  • Mortgages receiving any of the three levels of “EA/Eligible” recommendations or an “EA/Ineligible” recommendation in Desktop Underwriter that meet the requirements of a Product Variance that is available to Lender under the terms of this Master Agreement, but that is not a Community Lending Product Variance, may be delivered to ▇▇▇▇▇▇ Mae only with ▇▇▇▇▇▇ Mae’s prior approval.

  • Notwithstanding the foregoing sentence, this access period shall be extended to one hundred eighty (180) days for case files and data relating to Mortgage Loan Applications that are designated by Licensee as "construction/permanent" in Desktop Underwriter.

  • In order for such mortgages to be eligible for delivery to ▇▇▇▇▇▇ Mae, these cases must be submitted to Desktop Underwriter for credit risk analysis.

Related to Desktop Underwriter

  • Company Underwriter has the meaning set forth in Section 4(a).

  • IPO Underwriter means each Person named as an underwriter in Schedule I to the IPO Underwriting Agreement who purchases Common Units pursuant thereto.

  • Approved Underwriter has the meaning set forth in Section 3(f) of this Agreement.

  • Underwriter means a securities dealer who purchases any Registrable Securities as principal in an Underwritten Offering and not as part of such dealer’s market-making activities.

  • Credit Underwriter means the independent contractor under contract with the Corporation having the responsibility for providing Credit Underwriting services.