Which of the following is a primary purpose of the Guaranteed Underwriting System (GUS)?

The primary purpose of the Guaranteed Underwriting System (GUS) is to facilitate loan approvals. This system was developed by the USDA to streamline the process for lenders when considering applications for Rural Development Guaranteed Loans. By using GUS, lenders can receive automated underwriting recommendations, which help determine if a borrower meets the specific guidelines for the USDA loan program.

The system is designed to enhance efficiency and speed in the underwriting process. With GUS, lenders can quickly evaluate various factors of the loan application and receive an initial approval or denial much faster than traditional methods might allow. This automation ultimately helps to provide clearer pathways for borrowers seeking financing in rural areas, improving access to homeownership opportunities.

In contrast, while assessing market value of properties, evaluating borrower credit history, and tracking loan payments are all critical aspects of the mortgage process, they are not the main functionality of GUS. These elements involve different processes and systems that complement the underwriting phase but do not define the primary goal of GUS itself.