FHA TOTAL Score Card

The FHA TOTAL Scorecard was developed by HUD to evaluate the credit risk of FHA loans that are submitted to an automated underwriting system. To underwrite an FHA loan electronically, a mortgagee must process the request through an automated underwriting system that can communicate with the FHA TOTAL Scorecard.

FHA's TOTAL Mortgage Scorecard evaluates an applicant's overall credit worthiness. The Scorecard is based on several credit variables and, when combined with AUS functionalities, it recommends levels of underwriting and documentation to determine a loan's eligibility for insurance by FHA.

1SourceData is one of just a few CRA's to offer this valuable product directly to our clients!