Mortgage underwriting refers to the process of evaluating and assessing whether someone is eligible for a mortgage loan. It involves reviewing the borrower's financial information, credit history, and the value of the property being mortgaged. The purpose is to determine if the borrower is a suitable and reliable candidate for the loan.
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«mortgage»
«underwriting»
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Phrases with «mortgage underwriting»
Sentences with «mortgage underwriting»
- This trend started in late 2009 and continues today with such examples as lower minimum credit scores for mortgage underwriting guidelines and fewer declining markets for mortgage insurance guidelines. (iloanhomemortgage.com)
- This is not a «bad credit home loan» per se, but the credit and income guidelines are considered very reasonable by mortgage underwriting standards. (bdnationwidemortgage.com)
- , is legislation to improve the accuracy of mortgage underwriting used by federal mortgage agencies by including a home's expected energy cost savings when determining the value and affordability of energy efficient homes. (imt.org)
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