This is not a loan denial, rather, this means that our automated underwriting was not able to provide an approval. We may still be able to review and approve your loan manually. Below are some of the reasons why automated underwriting was not able to approve your loan.
Low credit score (Your credit score may be below our minimum FICO requirements)
Limited credit history (You may not have enough credit data to generate a FICO score)
Credit freeze (Having a credit freeze in place can impact our ability to access your credit report)
Errors on the credit report (Mistakes on a credit report can negatively impact a persons FICO score)
Missing or incorrect personal information (Missing information will result in an inability to access the correct credit report)
Low property value
Low DSCR
Other reasons