Loan Manual Underwriting Indicator

Definition:
 

Indicates if the loan was manually underwritten. The Guide Glossary term is Manually Underwritten Mortgage.

Valid Values:
 

True

False

When to Use:
 

Required for all loans.

How to Use:
 

For Loan Product Advisor® mortgages: 

  • Select 'true' if the LP or LPA Risk Class/Classification is 'Caution' and the loan was manually underwritten prior to delivery.
  • Select 'false' if the loan underwriting decision is not based on manual underwriting and is based on the recommendation from an automated underwriting system.

For non-Loan Product Advisor mortgages, select 'true' if the loan was manually underwritten prior to delivery.

Select False for CHOICEHome® mortgage.

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