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

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

Begin Your Property Loan Journey

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

Phases of Underwriting

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

VA loan providers generally depend on an “Automated Underwriting System, ” or AUS, to determine a buyer’s preapproval status. Continue reading