Tag Archive for: approval

Underwriting Exceptions: What They Are And Why They’re Needed

/in , , , /by

You’ve heard me talk before about the importance of the secondary market as it relates to the mortgage industry. Understanding how underwriting works and why there are exceptions is just as important when it comes to your mortgage. Mortgage Industry Overview There is both a primary and a secondary market in real estate finance. The […]

Read more

What Are Loan Conditions and Will it Affect My Rate?

/in , , , , , , /by

Loan applications go through several stages before loan documents are actually printed. There’s the initial submission and documentation stage. It’s here where the loan officer reviews the application before submitting the loan through the automated underwriting system, or AUS. The AUS digitizes the application and runs it through an online app where a list of […]

Read more