Get easy to understand definitions for common mortgage terms from the Mortgage Insider. In our glossary, we define the word, tell you about in industry usage, and usually give an example so you can fully and easily understand not just the meaning but the function of the word.
Underwriting
Underwriting Defined
Underwriting is taking all the financial information for a borrower and deciding if they are approved for a mortgage. It used to be a human being poured over all the information submitted by an originator and decided if a mortgage was approved and with what conditions.
However in today’s mortgage world, there is a [...]
