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Loan Approvals

Mortgage underwriting explained: what are “conditions”?

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Mortgage Underwriting
Once your loan is submitted for initial underwriting, all of your income, asset and credit documents will be analyzed and an underwriter may ask for some clarifications or additional supporting documents.

Often, the first underwriter you encounter isn’t even human. It’s automated underwriting software or AUS. It analyzes your application and delivers a…

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