Underwriting functions as the last overview of a borrower’s loan file.

Underwriting functions as the last overview of a borrower’s loan file.

Begin Your House Loan Journey

  • Previous Lesson 7.3 Keepin Constantly Your Loan on course
  • In this class
  • Phases of Underwriting
  • The Underwriter’s Job
  • Underwriting Results
  • Underwriting Conditions
  • Next Lesson 8 Closing On Your Own House

Phases of Underwriting

Purchasers enter the stage that is first of during preapproval.

VA loan providers generally depend on an “Automated Underwriting System, ” or AUS, to determine a preapproval status that is buyer’s. An AUS is a pc system that immediately evaluates a buyer’s eligibility, centered on a number of facets. […]