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what does DU"" mean

Posted on: 15th Apr, 2009 12:08 pm
i hear DU this and DU that.. what is it abreviation for?
Desk Top Underwriter
Posted on: 15th Apr, 2009 05:56 pm
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
Posted on: 16th Apr, 2009 04:43 am
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