Banks Link Mortgage Origination to Automated UnderwritingTechnology
- Topics:
- Insurance
- Tags:
- Automated Underwriting,
- JOHN H. HARLAND Co.,
- Financial Statements,
- Financial Services,
- Financial Planning,
- Financial Accounting,
- Finance,
- Bank,
- Balance Sheets,
- Loan
- Source:
- John H. Harland Company
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Overview: This article is about which defines the underwriting options for loans. Liberty Bank of Middletown, Conn., that converted to its new loan origination system in August 2002, the $2 billion-asset institution was limited in its underwriting options. It defining Automated Underwriting. Automated underwriting enables these lenders to provide decisions on conforming loans in less than five minutes. Another advantage of automated underwriting is that it transfers the interest rate risk of the loan from the lender’s balance sheet to the investor who is buying the loan.
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Format: PDF | Size: 298KB | Date: Jun 2003 | Pages: 3
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