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If the loan is approved by Desktop Underwriter® (DU®) or Loan Prospector® (LP), can it exceed guidelines?

April 26, 2017Approved desktop exceed guidelines loan Lp

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If the loan is approved by Desktop Underwriter® (DU®) or Loan Prospector® (LP), can it exceed guidelines?

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Except for the minimum credit score requirement, loans being decisioned through an AUS may be approved with more lenient requirements, while manually underwritten loans should be underwritten according to published guidelines.