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 [...]

I truncated the whole question down to make for a readable headline, but let me repost it in it’s entirty now before I answer.
“Do I have to go through with my refinance? It is currently in underwriting now. I was told that the lender is going to be Countrywide. I was locked in at 6%. [...]