Underwriting
Underwriting is the process undertaken by a Lender to assess the risk of lending to a particular Borrower. During the underwriting process, lenders will review the borrower’s income, employment, credit history, Debt-Service Ratios, Down-Payment and property details, among other things. A Borrower will not receive a firm approval for their Mortgage until the Lender has completed their underwriting.
About The Author
Don Scott
Don Scott is the founder of a challenger mortgage brokerage that is focused on improving access to mortgages. We can eliminate traditional biases and market restrictions through the use of technology to deliver a mortgage experience focused on the customer. Frankly, getting a mortgage doesn't have to be stressful.
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