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How does Arch MI consider loans underwritten by both DU and Loan Product Advisor (LPA), where one AUS gives an “acceptable” response but the other does not?
-How does Arch MI consider loans underwritten by both DU and Loan Product Advisor (LPA), where one AUS gives an “acceptable” response but the other does not?
For loans that have been underwritten by both DU and Loan Product Advisor and receive an “unacceptable” recommendation from one and a valid “acceptable” recommendation from the other, Arch MI will use the valid “acceptable” recommendation for underwriting.
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Are loans with DU Refer or Loan Product Advisor (LPA) Caution findings eligible for mortgage insurance with Arch MI?
-Are loans with DU Refer or Loan Product Advisor (LPA) Caution findings eligible for mortgage insurance with Arch MI?
Loans receiving DU® Refer with Caution, Loan Product Advisor® (LPA) Caution 500 A-minus Eligible or LPA Caution recommendations are eligible for insurance with Arch MI when meeting all of our Standard Underwriting Requirements. In some cases, a non-delegated submission may be required. For more information, refer to Chapter 3 of our Underwriting Manual.
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Does Arch MI allow manually underwritten loans (without Findings)?
-Does Arch MI allow manually underwritten loans (without Findings)?
Yes! Loans which do not have DU Findings or LPA Feedback may be manually underwritten using our Standard program.
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Does Arch MI allow manually underwritten loans (without findings)?
-Does Arch MI allow manually underwritten loans (without Findings)?
Arch is happy to review manually underwritten loans (not using DU/LPA). The loan must meet our Standard Underwriting Requirements in Section 3 of our Underwriting Manual located here: https://mi.archcapgroup.com/Portals/1/Documents/Guidelines/ArchMI_UWManual_NR.pdf
