Underwriting is a process through which a lender or insurer calculates the risk of adding that loan or person to the company’s liability. This is a very important process in mortgage underwriting, especially given the recent issues in the housing market. Mortgage lenders are extremely wary of taking on risks that indicate high likelihood to default, and mortgage underwriters are…
mortgage underwriting
The Mortgage Lending industry is currently booming and most of the Lenders are swamped with the growing volume. While the Loan Officers find it easy to originate loans in a market where the interest rate is at an all-time low, it’s the operations team that is struggling to keep up with the increased volume. Hiring and training new employees for…