step three. When a lender uses no less than one automatic underwriting possibilities (AUS) to check on the program and system or possibilities generate two or maybe more results, the financial institution complies with 1003.4(a)(35) of the reporting, with the exception of bought covered fund, the name of your own AUS utilized by the financial institution to measure the software together with effect created by that AUS as influenced by the second principles. To see which AUS (or AUSs) and influence (or efficiency) so you can declaration below 1003.4(a)(35), a lender uses each of the values that is appropriate on the application involved, from the acquisition in which he is set forth less than.

If the a financial institution receives a couple of AUS show and you will one or more of those AUS performance is generated by a great system one to represents the mortgage particular claimed pursuant so you’re able to 1003

we. 4(a)(2), the bank complies that have 1003.4(a)(35) from the reporting you to AUS label and you will effect. Like, when the a lending institution assesses a loan application with the Federal Houses Administration’s (FHA) Tech Offered to Approved Lenders (TOTAL) Scorecard and you may next assesses the applying having an AUS regularly dictate qualifications for a low-FHA mortgage, however, fundamentally starts an FHA financing, the bank complies with 1003.4(a)(35) from the reporting Complete Scorecard and effects generated by one to system. 4(a)(2), the financial institution makes reference to which AUS results is going to be stated by following the idea set forth lower than inside comment 4(a)(step 35)-step 3.ii.

ii. If the a loan company gets 2 or more AUS efficiency and you will the latest AUS generating one of those performance corresponds to the new customer, insurance provider, or guarantor, if any, the financial institution complies with 1003.4(a)(35) by reporting one AUS term and you will effect. Particularly, if a loan company evaluates a software towards AUS away from Securitizer Good and you can after that assesses the application form into the AUS regarding Securitizer B, but the standard bank sooner or later develop a secured loan it carries inside exact same season so you’re able to Securitizer A good, the lending company complies that have 1003.4(a)(35) of the revealing title off Securitizer A’s AUS as well as the impact made by one to program. If the a lender obtains a couple of AUS performance and more than one ones AUS performance is done by a beneficial program you to represents the new consumer, insurer, or guarantor, if any, the financial institution makes reference to and this AUS results are claimed by the following idea set forth less than for the comment 4(a)(step three5)-step 3.iii.

When the a lender obtains several AUS overall performance and new AUS producing those types of performance corresponds to the borrowed funds type of advertised pursuant to 1003

iii. In the event the a lending institution receives a couple of AUS efficiency and you can not one of assistance promoting people abilities match the new buyer, insurer, or guarantor, or no, and/or lender is actually following this idea once the over you to AUS outcome is generated by a system you to represents possibly the borrowed funds variety of or the purchaser, insurer, otherwise guarantor, the financial institution complies having 1003.4(a)(35) by revealing new AUS result generated nearest in time into the borrowing from the bank e of AUS that produced you to effect. Such as, in the event the a lending institution evaluates an application on the AUS regarding Securitizer An excellent, next again assesses the applying that have Securitizer A’s AUS, the bank complies with 1003.4(a)(35) of the reporting the name out-of Securitizer A’s AUS in addition to 2nd AUS effects. Likewise, in the event the a loan company gets an originate from a keen AUS loans Epes you to definitely requires the standard bank so you’re able to underwrite the borrowed funds manually, but the financial institution next procedure the application owing to an alternate AUS that can stimulates an end result, the financial institution complies having 1003.4(a)(35) from the reporting the name of the 2nd AUS so it made use of to check the application form while the AUS results generated by one program.