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asked in FHA Loans by
What does FHA Score Card Mean? Is that HUD GUIDELINES?

1 Answer

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answered by (40.3k points)
FHA TOTAL Scorecard is the same as Automated Underwriting System (AUS). Loan officers will enter the data of borrowers and within minutes, the AUS will render an automated decision of accept or refer. If refer/eligible, mortgage lender can downgrade to manual underwriting.