Automated Underwriting System

Business, Legal & Accounting Glossary

Definition: Automated Underwriting System


Automated Underwriting System


Full Definition of Automated Underwriting System


A method of doing electronic underwriting via a computerized machine. Many big companies and mortgage insurers have begun using these systems, including Fannie Mae and Freddie Mac. These computer systems allow lenders to approve loans faster and reduce the costs of lending.


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Automated Underwriting System. PayrollHeaven.com. Retrieved November 29, 2021, from PayrollHeaven.com website: https://payrollheaven.com/define/automated-underwriting-system/

Definition Sources


Definitions for Automated Underwriting System are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.