Once you have an accepted offer, the
basic loan underwriting process is fairly standard compared to other mortgage loans, with a few additional items needed:
However, you still have an important hurdle to clear: working with an underwriter and getting through
the loan underwriting process.
During
the loan underwriting process, your lender will request a number of documents.
To improve participation and fuel continued growth, the industry needs to adopt these standards to deliver greater efficiency to
the loan underwriting process,» Assurant's vice president of new venture commercialization Jeanne Schwartz stated at the time.
The appraised value of a home is an important factor in
the loan underwriting process.