What happens to a loan that receives "Accept" underwriting recommendations from GUS but has disputed accounts?

When a loan receives "Accept" underwriting recommendations from the Guaranteed Underwriting System (GUS) but also includes disputed accounts, it must be downgraded to a manual underwrite unless specific conditions are fulfilled. The presence of disputed accounts introduces complexities and potential risks that the automated system is not designed to address solely.

In situations like this, the manual underwrite process allows a human underwriter to closely evaluate the details of the disputed accounts, considering the nature of the disputes, the borrower's financial profile, and other relevant factors before making a lending decision. This ensures that due diligence is performed to assess the borrower's eligibility and risk accurately, taking into account the impact of the disputed accounts on their overall financial situation.

For a loan to remain under an automated process, the disputed accounts must typically be resolved or fall within established guidelines that GUS can accommodate without requiring manual intervention. If these conditions are not met, a manual underwrite becomes necessary to assess the loan's risk more thoroughly.