Full Video: https://youtu.be/i4sGiVVK_3U
A lot of people heard the news that Fannie Mae removed the 620 minimum credit score requirement… and immediately thought credit no longer matters.
That’s NOT how this works.
In this video, Cory Grant & I break down:
• What Desktop Underwriting (DU) actually is
• How automated underwriting determines approvals
• Why lenders still have their own rules (lender overlays)
• Why you can STILL get denied even with this update
• The biggest misconception buyers are making right now
Most loans are still run through DU, and lenders ultimately decide how they structure their products before selling loans to investors like Fannie Mae.
If you’ve been denied before or think this changes everything… you need to understand what’s really going on.
A lot of people heard the news that Fannie Mae removed the 620 minimum credit score requirement… and immediately thought credit no longer matters.
That’s NOT how this works.
In this video, Cory Grant & I break down:
• What Desktop Underwriting (DU) actually is
• How automated underwriting determines approvals
• Why lenders still have their own rules (lender overlays)
• Why you can STILL get denied even with this update
• The biggest misconception buyers are making right now
Most loans are still run through DU, and lenders ultimately decide how they structure their products before selling loans to investors like Fannie Mae.
If you’ve been denied before or think this changes everything… you need to understand what’s really going on.
- Категория
- Рефинансирование кредита
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