An automated underwriting system (AUS) returns a 'Refer' decision. What does this typically mean?
Correct Answer
C) Manual underwriting is required
A 'Refer' decision from an AUS means the system cannot make an automated approve or deny decision, and the loan must be manually underwritten by a human underwriter. This often occurs when the borrower's profile doesn't fit standard automated guidelines or when additional analysis is needed.
Why This Is the Correct Answer
A 'Refer' decision from an AUS means the system cannot make an automated approve or deny decision, and the loan must be manually underwritten by a human underwriter. This often occurs when the borrower's profile doesn't fit standard automated guidelines or when additional analysis is needed.
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