December 8, 2015
GUS Enhancement - Lender Agent Security Role
The USDA’s Guaranteed Underwriting System (GUS) will be updated on
December 9, 2015 to introduce new functionality. A new user security role of “Lender Agent”
will be made available. The new role
affords lenders an opportunity to extend system access to third party agents
such as mortgage brokers and/or correspondent lenders. Users assigned a GUS security role of “Lender
Agent” will be able to establish applications, order new / re-issue existing
credit reports, and request preliminary underwriting recommendations on behalf
of an approved lender. Approved lenders
will remain responsible for uploading documents and requesting final submissions
in GUS. Additional functionality is being introduced as part of this enhancement. For a complete list of changes please reference our online technical bulletin.
|