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 Property Loan Journey

  • Past Lesson 7.3 Keepin Constantly Your Loan on the right track
  • In this training
  • Phases of Underwriting
  • The Underwriter’s Job
  • Underwriting Results
  • Underwriting Conditions
  • Next Lesson 8 Closing In Your House

Phases of Underwriting

Purchasers go into the very first phase of underwriting during preapproval.

VA loan providers generally count 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.

Its not all qualified debtor will get AUS approval. Continue reading Underwriting functions as the last overview of a borrower’s loan file.