No resubmission to Desktop Underwriter (DU) is required if the amount of verified reserves is ____ of the amount required to be verified.

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rubygarciaxx4052 rubygarciaxx4052

19-07-2022
Business

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No resubmission to Desktop Underwriter (DU) is required if the amount of verified reserves is ____ of the amount required to be verified.

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okpalawalter8 okpalawalter8 · Answer 1 · 2022-07-26T16:51:57+02:00

No resubmission to Desktop Underwriter (DU) is required if the amount of verified reserves is 90% of the amount required to be verified. This is further explained below.

What is Desktop Underwriter (DU)?

Generally, An automated mortgage underwriting system called Desktop Underwriter determines if a loan satisfies the criteria for approval.

In conclusion, If the amount of verified reserves is equal to or more than 90 percent of the amount that is needed to be verified, a resubmission to Desktop Underwriter (DU) is not necessary.

Read more about Desktop Underwriter (DU)

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