Deals wherein an automatic underwriting system wasn’t familiar with measure the app Purchased secure mortgage cuatro. Section 1003.4(a)(35) doesn’t need a loan company to check a loan application using an automated underwriting program (AUS), since discussed inside 1003.4(a)(35)(ii). Instance, if a loan company just by hand underwrites an application and you will does maybe not fool around with an enthusiastic AUS to check on the program, the lending company complies that have 1003.4(a)(35) because of the revealing the requirement isnt relevant since the a keen AUS wasn’t regularly gauge the app. 5. A loan company complies which have 1003.4(a)(35) by the reporting that the needs isnt applicable when the safeguarded mortgage is actually a paid for covered loan. six. Non-sheer individual. In the event the candidate and co-candidate, if applicable, are not absolute people, a loan company complies which have 1003.4(a)(35) by revealing that the specifications isnt relevant. eight. Determination of securitizer, Authorities insurance company, otherwise Government guarantor.