When you apply for a mortgage loan, you’re asking to borrow money from a lender. Lenders use the mortgage underwriting process to assess how risky it is to provide you with that loan. In the same way ...

Op-ed views and opinions expressed are solely those of the author. The American financial system is powerful but fragile. It is an intricate engine that depends on […] ...

The majority of mortgage applications are processed with automated technology, but lenders can use manual mortgage underwriting for more complex financial situations. If you have a limited credit ...

Mortgage underwriters are the fact-checkers of the home loan approval process, ensuring that the financial picture you portrayed in your application and the documentation you provided are accurate.

When you apply for a mortgage, lenders use a process called underwriting to determine whether to approve or deny your loan. In deciding whether to approve your mortgage, underwriters consider your ...

FHA is reversing an earlier decision to remove the rule requiring manual underwriting for mortgages with credit scores below 620 and a ratio of debt to income above 43 percent. The decision, conveyed ...

The mortgage industry is contending with a loan-underwriter shortage that has acted like a governor on an engine — slowing the pace of a fast-growing private-label securitization market. The shortage ...

Mortgage tech firm Candor Technology has expanded its Loan Engineering System (LES) to include Federal Housing Administration (FHA) loans. The company now fully automates underwriting decisions for ...

John Mostellar III, James Wright Jr. On July 10, 2024, the U.S. Department of Housing and Urban Development (HUD) issued Mortgagee Letter (ML) 2024-14, expanding mortgagee liability for fraud or ...

HUD is preparing to implement a few new policies that will no doubt affect your pipeline/loan application process. Last week, HUD and the FHA invited public comment on three of those policy changes, ...

If you’re new to the world of mortgages, you may be unfamiliar with some of the lingo. The term “underwriting,” for example, can be a bit intimidating. After all, it’s the process a lender uses to ...

Foundation Mortgage has added three seasoned professionals, Phil Brousseau, Toniey Williams, and Patrick Turner, to key roles ...