The USDA’s Outdated Underwriting System is Hobbling Rural Lending
National Mortgage News, Oct. 14, 2022–Maria Volkova (subscription)
Lenders say that using the Department of Agriculture’s “not intuitive,” “confusing” and “cumbersome” technology, dubbed the Guaranteed Underwriting System, complicates things even further and is serving to discourage them from offering such loans.
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