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.'

Search Real Estate Glossary

Related Real Estate Glossary terms

Related Real Estate FAQ