Underwriting functions as the review that is final of borrower’s loan file.

Begin Your House Loan Journey

  • Past Lesson 7.3 Keepin Constantly Your Loan on course
  • In this tutorial
  • Phases of Underwriting
  • The Underwriter’s Job
  • Underwriting Outcomes
  • Underwriting Conditions
  • Next Lesson 8 Closing In Your House

Phases of Underwriting

Purchasers enter the very first phase of underwriting during preapproval.

VA loan providers generally count on an “Automated Underwriting System, ” or AUS, to determine a buyer’s preapproval status. Continue reading Underwriting functions as the review that is final of borrower’s loan file.