What information is typically NOT required as input for an automated underwriting system evaluation?
Correct Answer
D) Borrower's political affiliation
Political affiliation is not a factor in mortgage underwriting and would violate fair lending laws. AUS systems evaluate creditworthiness based on financial factors like credit score, income, assets, and loan characteristics.
Why This Is the Correct Answer
Political affiliation is not a factor in mortgage underwriting and would violate fair lending laws. AUS systems evaluate creditworthiness based on financial factors like credit score, income, assets, and loan characteristics.
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