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Mortgage Underwriting After the information on the application has been verified by the processor, the property has been appraised, and the title search has been completed, the loan is sent to the underwriter. Generally, the underwriter verifies that all of the information is accurate, rechecks the math, and makes a decision to approve or reject the loan request. Moreso every day however, much of the analysis of underwriting is done by underwriting software. These underwriting engines, often available to loan officers, can render a decision that an underwriter merely confirms.
There are general underwriting guidelines, but a decision is the result of the weighing of a great many variabless. This section outlines the major four. Credit | Debt Ratios | Funds To Close
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