what does DU"" mean

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Icon Mini Profile mariolemieux20012001





Joined: 15 Apr 2009

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Post Posted: Wed Apr 15, 2009 12:08 pm    Post subject: what does DU"" mean
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i hear DU this and DU that.. what is it abreviation for?
Icon Mini Profile stacy
stacy


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Post Posted: Wed Apr 15, 2009 5:56 pm    Post subject:
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Desk Top Underwriter
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Stacy Potts
Operations Manager/HR Director
mobilehomeloaner.com Mobilehomeloans4you.com
Phone: (925) 497-7582 FAX: (925) 665-0409

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Icon Mini Profile jerry
jerry
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Post Posted: Thu Apr 16, 2009 4:43 am    Post subject:
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Hi mariolemieux,

Du stands for Desktop Underwriting. This is an automated underwriting system which reduces the time requird to underwrite a mortgage loan application. It can also reduce the overall cost of originating a mortgage.

Thanks,

Jerry
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