GUS allows an objective measurement of risk. GUS enhances the lender’s ability to extend mortgage credit to borrowers by using objective criteria and consistently applying requirements and guidelines when evaluating a borrower’s creditworthiness.

Manual underwriting is a subjective evaluation. Credit, capacity and collateral risks must be underwritten in accordance with RD Regulation 1980-D and accompanying Administrative Notices.

GUS provides feedback and guidance on specific mortgage underwriting issues.

The underwriter must manually review and address issues.

Faster processing with consistency and accuracy.

Underwriter must manually apply program requirements to mortgage loan requests.

GUS automatically considers what flexibilities can be leveraged.

Underwriters must identify any flexibility considered in manual underwriting decision.

Automatically provides credit and ratio waivers for mortgages based upon the GUS credit evaluation resulting in an ACCEPT.

Underwriters must request ratio waivers from Rural Development for manually underwritten loans and receive a confirmation of ratio waiver.

Lenders may evaluate loans at no cost/fee.

Manual underwriting could require additional time resulting in extended processing time of the mortgage loan request.

You can order/receive credit reports online from a number of credit providers.

Credit obtained must be manually reviewed and program regulations/requirements applied.

An underwriting findings report is provided with the underwriting recommendation for the case file, a detailed list of findings, and the steps necessary to complete the processing of the loan file.

Underwriters must manually summarize their analysis and requirements of a manually underwritten mortgage loan request.

An underwriting analysis report is provided with the underwriting recommendation. This report contains key information used in determining the recommendation, including property, loan and borrower information, and calculations -- all in one summarized report.

A manual process typically does not summarize the data within a file utilized in the underwriting decision.

A credit summary report is provided summarizing key statistics from the credit report, including the credit score utilized for the recommended decision.

A manual process does not typically include a credit summary report.

ACCEPT decisions can take advantage of streamlined documentation at conditional commitment request.

Manually underwritten loans require a full case file copy at conditional commitment request.