Your Mortgage Application: Underwriting and Loan Approval

Your Mortgage Application: Underwriting and Loan Approval

Your Mortgage Application: Underwriting and Loan Approval

When you submit home financing application, it goes in underwriting. But exactly what does underwriting suggest?

  1. Mortgage underwriters examine your application and papers to accept or drop the job
  2. Computer systems can accept mortgages, but underwriters that are human validate that your write-ups match the information and knowledge in your application
  3. Underwriters often need proof of your earnings and assets that can have extra demands

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