Du Financial Agreement
As part of the cooperation, Baidu Cloud Compute will provide „AI + Cloud“ capabilities for Yillion`s financial operations and services, and Du Xiaoman will use its own customer channels and resources to support Yillion. The DU lists most revolving creditors, outstanding balances and monthly payments that the creditor expects from the borrower. It is a snapshot of debt and financial assets, as reported by some providers and the borrower on the credit application, which is called ten-oh-three (1003). A letter of prior authorization or a letter of prequalification is not always enough. They all actually say the same thing – that the buyer is qualified, provided that the property itself reviews and complies with the guidelines. A DU is a way to show them the money. It goes beyond the money you can provide by including bank statements and displays your financial image, including your FICO scores. A DU represents a fairly complete financial picture of the borrower. It`s an automated underwriting system that allowed Fannie Mae, but it`s also used for FHA loans. The first summary shows borrower ratios, both front-end and back-end ratios. Hatem Dowidar, CEO of Vodafone Partner Markets, commented on the agreement: „With this agreement with you, Vodafone will be able to increase its brand awareness and expand its product range to a key market with a growing population.
Mobile usage in the UAE continues to grow and more and more of our customers need improved roaming services to and from the region. Under this agreement, you will have exclusive access to Vodafone`s products, devices and services in the UAE and can draw on Vodafone`s experience in supply chain management, technology development, acquiring customers of multinational companies and improving cooperation between networks. . . .