NAMU CMU Practice Questions - NAMU Certified Mortgage Underwriter (NAMU-CMU) Exam

On a Desktop Underwriter (DU) decision, an 'Approve/Eligible' recommendation means:

The loan must still be manually underwritten The loan meets Fannie Mae credit risk requirements and eligibility rules The loan is automatically funded with no further underwriting The borrower's credit is poor

Correct Answer:

The loan meets Fannie Mae credit risk requirements and eligibility rules

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