Tag Archive for: DU

Why We Ask For So Much When Pre-Approving Buyers

In April I caught my dog Kevin issuing pre-approvals and blogged about it. 😊 I was being mildly facetious, making fun of all the companies that issue “pre-approvals” based solely […]Read More

I Caught My Dog Issuing Pre-Approvals (True Story)

I made the horrible mistake of teaching my dog Kevin how to run Fannie Mae’s automated loan approval software, known as Desktop Underwriter or “DU.” It was easy to teach […]Read More

DU, AUS, LP; “Manual Underwrites” Alternative Credit

Yesterday, we mentioned a borrower who could not qualify for mortgage financing b/c he had no credit. There is an exception, however, that we did not mention for brevity’s sake. […]Read More