jgduex
05-31-2007, 07:52 PM
what is mortgage underwriting?
Joey H
06-01-2007, 07:43 AM
Mortgage underwriting involves a detailed analysis of the potential buyers financial status. Basically, an underwriter makes the determination of whether or not a particular lending institution wants to take on the risk (i.e., buyer) given the amount of the mortgage, the buyers financial obligations, and other variables (e.g., the lending institutions risk appetitie, risk profile composition).
Mike P
06-01-2007, 07:51 AM
It is a major pain in the butt.