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.