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Your loan file is heading to underwriting

Mortgage Underwriting

This is the final step in the loan approval process. Mortgage underwriting is the process used by lenders to determine if the risk involved in offering a mortgage loan to a borrower is acceptable. Once the loan processor submits the file for underwriting the underwriter will review your income, assets, debt, appraisal and credit to ensure your loan fits the lending guidelines. The underwriting process typically takes between two to five business days. Once the loan is reviewed by the underwriter a conditional approval is issued. Conditions are additional documents the underwriter must review and approve prior to issuing the final approval. Once all conditions have been satisfied the underwriter will issue the final approval and you are ready to closing.

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