What is Mortgage Underwriting?

2017-12-01T10:27:33+00:00June 24th, 2015|Homebuying Tips, Las Vegas, Mortgage News|

Between loan approval and closing, your lender is doing a lot of work behind the scenes in a process called underwriting. Here are five things the lender does during underwriting. Underwriting verification After the housing crisis of the mid-2000s, the Consumer Financial Protection Bureau enacted rules to protect borrowers. Under these new rules, lenders must [...]