mortgage underwriting

Mortgage underwriting is the process lenders use to assess the risk of granting a mortgage loan to a borrower. Underwriters evaluate various factors, including the borrower’s credit history, income, debts, and the property’s value. This analysis helps determine if the borrower can repay the loan and if the property is a sound investment for the lender. The underwriter ultimately makes the decision to approve or deny the mortgage application, ensuring that both the borrower and the lender are protected in the financial agreement.