google bot detected Automated Underwriting System | Mortgage Glossary |

Automated Underwriting System

Definition of "Automated Underwriting System"

Fritznel Gabelus
  Coldwell Banker

A particular computerized system for doing automated underwriting. Mortgage insurers and some large lenders have developed such systems, but the most widely used are Fannie Mae's 'Desktop Underwriter' and Freddie Mac's 'Loan Prospector.'

Related Real Estate Glossary terms

Related Real Estate FAQ