what does mortgage manually underwritten mean

Refinances for Borrowers in Negative Equity Positions
as refer, manual underwriting required”. What does this mean? ? I am getting an error on the maximum mortgage for a streamline refinance with an appraisal.
http://www.hud.gov/local/nd/library/fhafaqs.pdf

FHA News :: The Myth of Manual Underwriting - Mortgage Processor
Feb 13, 2011 . For as much as I hate to admit it, manual underwriting is a method, which can be easily abused. Less than scrupulous lenders have used it in .
http://www.mortgageprocessor.org/mortgage-loan-processor/2008/04/myth-of-manual-underwriting.html

Automated underwriting vs. manual ... - Total Mortgage Services, LLC
Learn about the two different ways that mortgage lenders can approve your loan. . How do Automatic and Manual Underwriting Systems work? . That also means that marginal borrowers do not have to worry about the underwriter " having a .
http://www.totalmortgage.com/home-purchase/first-time-home-buyer/automated-underwriting-versus-manual-underwriting.asp

What does DU mean in the mortgage industry
What does DU mean in the mortgage industry? . If one can pass through DU underwriting, one is probably not so struggling, and the truly struggling have to be .
http://wiki.answers.com/Q/What_does_DU_mean_in_the_mortgage_industry

Why doesn't FHA just open up a school? - Mortgage Underwriter Jobs ...
I have been a mortgage underwriter for over 15 years, but I do not have FHA . And when I say "manually" underwrite I don't mean taking the .
http://www.indeed.com/forum/job/mortgage-underwriter/Why-doesn-t-FHA-just-open-up-school/t67450

Mortgage Requirements 2012
Late Payments - FHA does not have mortgage requirements for late payments . means that the loan will require manual underwriting and approvals are on a .
http://www.mortgage-requirements.com/

How Much House Payment Can You Afford Based On Your Salary?
What is the approximate percentage that is advisable for one's mortgage payment . Officially, for manually underwritten loans, those two sets of ratios (28/ 36 . the repositories began offering a “tri-merge” report which means they connected .
http://www.goodfinancialcents.com/how-much-of-mortgage-house-payment-can-you-afford-based-salary/

What Does it Mean to Underwrite a Loan? | eHow.com
What Does it Mean When a Mortgage Goes to Underwriting? . system or referred for manual underwriting, it is the underwriter's job to look at all the information .
http://www.ehow.com/info_7748664_mean-underwrite-loan.html

What Does It Mean to Underwrite a Home Refinance? | eHow.com
What Does it Mean When a Mortgage Goes to Underwriting? Print this article . Before computers, every mortgage was manually underwritten. The loan .
http://www.ehow.com/info_7756612_mean-underwrite-home-refinance.html

What do underwriters look for in manual underwriting a a mortgage ...
Apr 9, 2010 . What do underwriters look for in manual underwriting a a mortgage? . Levar, A manual underwrite means they will directly compare your W2's, .
http://www.trulia.com/voices/Home_Buying/What_do_underwriters_look_for_in_manual_underwriti-213508

Citi: The mortgage underwriter's tale | Felix Salmon
Apr 7, 2010 . There was the “agree” decision, meaning the Citi underwriter agrees with the selling . The manager relied upon manual tally sheets, manually added, to produce the aggregate . Posted by Mr.Do | Report as abusive .
http://blogs.reuters.com/felix-salmon/2010/04/07/citi-the-mortgage-underwriters-tale/

Credit Grades - Where Lenders draw the line at Daily Interest.com
It does not always mean that you will not get a loan at 619, but the interest rate and terms will be considerably . These mortgages are manually underwritten.
http://www.dailyinterest.com/library/credit/creditgrades.html

No Cash-out Refinance Mortgages - Freddie Mac
Being competitive in today's mortgage market means offering your customers . A no cash-out refinance mortgage can lower a borrower's monthly payment, and all . Section 23.4.1 for Loan Prospector and manually underwritten mortgages .
http://www.freddiemac.com/sell/factsheets/nocashout.htm

Manual Underwriting: Buying a home without a FICO score ...
Sep 21, 2009 . Manual Underwriting: Buying a home without a FICO score . A high credit score means that you tend to manage money in a way that makes you a . A high FICO score can certainly make getting a mortgage easier -- but the .
http://www.dailyfinance.com/2009/09/21/manual-underwriting-buying-a-home-without-a-fico-score/

Refinancing or Buying Out Your Spouse -- Insights from a Mortgage ...
In the 1980's, mortgage loans were manually underwritten. . year, your loan will not go through automated underwriting (meaning you would not be approved).
http://www.divorcenet.com/states/nationwide/insights_from_a_mortgage_lender

HARP Mortgage Refinance Loans | HARP 2.0 Program
5 hours ago . The ultimate goal is to allow a homeowner to do a mortgage refinance . by the original lender through the manual underwriting systems. . borrower is an “ acceptable credit risk” (and what that means is yet to be determined).
http://www.bills.com/harp-mortgage/

Can Credit Repair Ruin Your Mortgage Hopes?
Many mortgage underwriters don't like to write loans when there is an item on . on your credit report, it means that a mortgage application will not automatically . as manual underwriting in order to get a more accurate picture of your situation.
http://aaacreditguide.com/blog/can-credit-repair-ruin-your-mortgage-hopes/

Do You Qualify for a Fannie Mae Mortgage Refi Plus?
One of these could be your ticket to a quick and affordable mortgage . The Refi Plus program involves manual underwriting of same-servicer mortgages, while DU Refi . So what does it mean for you and how do you know if you qualify for it ?
http://www.mortgageloan.com/do-you-qualify-for-a-fannie-mae-mortgage-refi-plus-3312

The Definitive Guide to Bad Credit Mortgage Loans
Is it possible for people with bad credit to get a mortgage loan in the current economy? . What kind of credit score does it take to get approved for a home loan? . In fact, manual underwriting has all but disappeared. . This means you have to meet two sets of credit guidelines -- the lender's as well as the PMI company's.
http://www.homebuyinginstitute.com/badcredit.php

FHA Loans - For Bad Credit- Not So!
It can mean that the client also has delinquent tax liens, garnishments, collections , . As with any mortgage loan including VA, FHA loans are automatically run . If the recommendation is negative; the loan can still be underwritten manually.
http://lctodd1947.hubpages.com/hub/FHA-Loans-For-Bad-Credit-Not-So