Ever wonder what a lender means when they say the file is in underwriting??
The underwriter’s primary job is to evaluate the risk of the loan while protecting the customer’s best interest. The underwriter reviews all the required financial documentation provided by the borrower and makes sure the borrower's loan will meet the required lending guidelines.
Watch this video which explains what underwriting means and why it’s an important part of your home loan when financing.
Check it out here!
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