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#2185893 - 07/18/18 04:51 PM Denial & DU result Approve/Eligible
Red Raiders Offline
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Red Raiders
Joined: May 2013
Posts: 1,054
Compliance Land
What do you do report for AUS/AUS results in this case...

We have a loan that we ran DU on based on a certain home value and got a result of Approve/Eligible. Appraisal comes in way lower and we now deny the loan. We didn't re-run DU to get a different "official" result. Do we report the Approve/Eligible because that was the last one we ran or not report anything...or other?
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#2185921 - 07/18/18 05:49 PM Re: Denial & DU result Approve/Eligible Red Raiders
David Dickinson Offline
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David Dickinson
Joined: Nov 2000
Posts: 18,762
Central City, NE
It seems odd to have Approve but then report a denial, but you don't have to run AUS again. I would report the result you got from the initial AUS.
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#2185953 - 07/18/18 07:10 PM Re: Denial & DU result Approve/Eligible Red Raiders
Red Raiders Offline
Diamond Poster
Red Raiders
Joined: May 2013
Posts: 1,054
Compliance Land
I agree that it looks odd but since that is the last AUS result we had that was the way I was leaning. If we have a DU in file I am reporting the results. I think this is easily explainable to an examiner and I know it will still out like a sore thumb.
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