A lender’s process of verifying income, assets, credit, and property value before approving a loan.
Underwriting is where pre-approval becomes an actual commitment — documentation gets checked line by line. Large, unexplained deposits or new debt during underwriting are the classic ways to derail a closing.
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FAQ
What is Underwriting in simple terms?
Underwriting is where pre-approval becomes an actual commitment — documentation gets checked line by line. Large, unexplained deposits or new debt during underwriting are the classic ways to derail a closing.