3. When a loan company uses a minumum of one automated underwriting assistance (AUS) to test the application form therefore the system or solutions generate two or maybe more efficiency, the bank complies having 1003.4(a)(35) by revealing, except for purchased secure loans, the name of AUS used by the bank to help you evaluate the application together with influence generated by one AUS as influenced by next values. To see which AUS (otherwise AUSs) and you can results (otherwise show) so you can report below 1003.4(a)(35), a financial institution observe each one of the values which is applicable into the software involved, regarding order where he or she is established lower than.

If the a lender receives 2 or more AUS abilities and you may one or more of these AUS performance is generated from the good system one to represents the loan type of claimed pursuant in order to 1003

i. 4(a)(2), the lending company complies having 1003.4(a)(35) from the revealing you to definitely AUS label and effect. For example, if a lending institution assesses a loan application using the Government Housing Administration’s (FHA) Technology Open to Accepted Loan providers (TOTAL) Scorecard and you will next evaluates the application which have a keen AUS used to dictate eligibility to possess a low-FHA financing, but sooner starts a keen FHA loan, the financial institution complies which have 1003.4(a)(35) because of the revealing Complete Scorecard and also the impact created by you to program. 4(a)(2), the financial institution relates to and this AUS influence should be reported by following the concept set forth lower than for the comment cuatro(a)(step three5)-step 3.ii.

ii. If a lending institution receives several AUS efficiency and you can the latest AUS promoting among those show represents the newest purchaser, insurance carrier, or guarantor, if any, the financial institution complies with 1003.4(a)(35) of the revealing one to AUS name and results. For example, when the a financial institution evaluates a loan application with the AUS away from Securitizer An effective and you can next assesses the applying with the AUS off Securitizer B, nevertheless the financial institution ultimately develop a covered loan that it deal in exact same calendar year so you’re able to Securitizer An excellent, the lending company complies with 1003.4(a)(35) by the revealing title from Securitizer A’s AUS and also the impact created by that program. In the event the a loan company obtains two or more AUS performance and you may more than one of those AUS show is done by the an effective system that corresponds to the consumer, insurer, otherwise guarantor, if any, the bank makes reference to which AUS result is going to be claimed because of the pursuing the principle set forth less than into the comment 4(a)(step 35)-3.iii.

When the a loan company gets two or more AUS abilities and you can brand new AUS generating among those abilities represents the borrowed funds sort of said pursuant to 1003

iii. When the a loan company obtains 2 or more AUS efficiency and you may not one of assistance creating those individuals show match the new purchaser, insurance carrier, otherwise guarantor, or no, or even the lender was following this idea as more than you to AUS outcome is from a network one to represents possibly the mortgage type of or the consumer, insurance carrier, otherwise guarantor, the bank complies which have 1003.4(a)(35) by reporting this new AUS results made nearest with time with the borrowing e of AUS you to made you to impact. Such as, in the event that a loan company assesses a credit card applicatoin to the AUS off Securitizer An excellent, subsequently once again assesses the application which have Securitizer A’s AUS, the bank complies which have 1003.4(a)(35) because of the reporting title out of Securitizer A’s AUS additionally the next AUS result. Likewise, in the event the a financial institution obtains a result Coffeeville loans from a keen AUS one to requires the lender so you can underwrite the borrowed funds yourself, but the financial institution after that procedure the application form as a result of a different AUS which also produces an effect, the financial institution complies that have 1003.4(a)(35) of the revealing title of next AUS it used to check on the applying and AUS results made by you to program.