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Mortgage glossary
Underwriting
The lender's review of the borrower's credit, income, assets, debts, documents, and the property under program rules. The underwriter may approve, deny, or request more information. Approval can remain subject to conditions until closing and funding are complete.
In plain language
This term may appear in conversations, forms, or documents during the mortgage process. If something important changes in your situation, ask how it may affect your case before making a decision.
This explanation is general and educational. It is not personalized advice, a loan offer, or a promise of approval.