An automated underwriting system (AUS) returns an 'Approve/Eligible' decision but flags the debt-to-income ratio as slightly above standard guidelines. What is the processor's next appropriate step?
Correct Answer
B) Proceed with the loan as approved since AUS takes precedence
When an AUS provides an Approve/Eligible decision, it has already considered all risk factors including elevated DTI ratios. The AUS decision takes precedence over individual guideline exceptions, and the loan can proceed with the conditions specified by the AUS.
Why This Is the Correct Answer
When an AUS provides an Approve/Eligible decision, it has already considered all risk factors including elevated DTI ratios. The AUS decision takes precedence over individual guideline exceptions, and the loan can proceed with the conditions specified by the AUS.
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