![]() “If those boxes are checked, everything should be fine.” “In general, the underwriter looks for a sufficient debt-to-income ratio, credit score, and assets,” says Jason Lerner, vice president at George Mason Mortgage, LLC, based in Fairfax, Virginia. One of the main criteria an underwriter looks at is your financial information, such as your employment history, assets and liabilities, and your credit history. In other words, the underwriter approves or denies your application - and can sometimes offer an in-between verdict of approval with conditions. The primary purpose of mortgage underwriting is to make sure both you and the property meet the loan’s standards. ![]() How Does the Mortgage Underwriting Process Work? Especially with these changes, it is important to understand how the overall underwriting process works.
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