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Home » Store » News » Despite Growth, AU Usage May Level Off

Despite Growth, AU Usage May Level Off

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Freddie Mac’s Loan Prospector automated underwriting system logged its 20 millionth loan in early June, continuing the increase in usage by lenders and brokers in using AU systems. But deployment of the secondary market companies’ AU systems seems to be slowing, and the fact that the top mortgage lenders have their own proprietary automated underwriting systems may indicate that the secondary market companies’ AU penetration might have peaked.
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