3. Whenever a lending institution uses no less than one automatic underwriting systems (AUS) to check on the program together with program or solutions create a couple of or maybe more performance, the financial institution complies with 1003.4(a)(35) from the revealing, except for purchased shielded fund, the name of the AUS used by the bank in order to measure the application together with influence from you to AUS because the influenced by another principles. To see which AUS (or AUSs) and influence (or efficiency) in order to report around 1003.4(a)(35), a lending institution employs each one of the standards which is applicable to your application involved, regarding purchase in which he’s established lower than.

If a financial institution gets a couple of AUS show and you will several of them AUS overall performance is generated by the good program that corresponds to the loan sorts of stated pursuant to 1003

we. 4(a)(2), the bank complies with 1003.4(a)(35) by reporting you to definitely AUS title and you may influence. Including, in the event the a loan company assesses a software making use of the Government Casing Administration’s (FHA) Technology Accessible to Accepted Lenders (TOTAL) Scorecard and you may after that assesses the program having an enthusiastic AUS always determine qualification to own a low-FHA loan, but fundamentally originates a keen FHA financing, the financial institution complies which have 1003.4(a)(35) of the revealing Total Scorecard in addition to effect produced by you to program. 4(a)(2), the bank refers to and this AUS impact is stated by the following the principle set forth below inside the feedback cuatro(a)(step 35)-3.ii.

ii. In the event that a loan company obtains two or more AUS show and you may new AUS promoting among those results corresponds to the fresh new customer, insurer, or guarantor, or no, the bank complies with 1003.4(a)(35) of the reporting you to AUS term and you may effects. Such as for instance, if a lending institution evaluates an application to the AUS of Securitizer Good and you may then assesses the applying to your AUS regarding Securitizer B, although financial institution sooner or later develop a shielded loan it carries during the same twelve months so you’re able to Securitizer A, the lending company complies which have 1003.4(a)(35) of payday loan Autaugaville the revealing the name out of Securitizer A’s AUS and also the influence produced by one to system. In the event that a lender receives a couple of AUS show and you may one or more ones AUS overall performance is generated from the an effective program one represents the fresh new buyer, insurance company, or guarantor, or no, the financial institution refers to and this AUS effect might be advertised because of the following principle set forth less than into the review cuatro(a)(step three5)-step 3.iii.

If the a loan company get 2 or more AUS overall performance and the fresh new AUS generating those types of results represents the loan particular advertised pursuant so you’re able to 1003

iii. In the event the a loan company obtains 2 or more AUS show and not one of one’s solutions producing those overall performance correspond to the latest consumer, insurer, otherwise guarantor, if any, and/or financial institution try following this concept because more than one AUS outcome is from a system that represents sometimes the borrowed funds sort of or the consumer, insurance company, or guarantor, the lending company complies that have 1003.4(a)(35) because of the revealing new AUS effects made nearest over the years to the borrowing elizabeth of one’s AUS you to made you to definitely influence. Such as, when the a lending institution assesses an application to the AUS off Securitizer An excellent, then once again evaluates the program having Securitizer A’s AUS, the lending company complies having 1003.4(a)(35) by reporting title away from Securitizer A’s AUS and the next AUS effects. Furthermore, in the event the a lending institution gets a result from a keen AUS you to definitely necessitates the standard bank to help you underwrite the loan yourself, but the lender then process the applying due to a unique AUS that also yields a result, the lending company complies which have 1003.4(a)(35) because of the revealing the name of your own second AUS so it put to check on the application form while the AUS effects generated by you to definitely program.