Back To The Future – The Benefits Of Manual Underwriting And Why It’s Needed In Non-Qualified Mortgage Loans
In today’s Qualified Mortgage market, so much is made of automated underwriting systems that I fear the industry is somewhat paralyzed. Underwriters have regressed to being merely condition-clearing clerks rather than thoughtful, rational, common-sense decision makers. While there is clearly a place for automated underwriting in the QM market, I believe that, more broadly, our …