Reina Marszalek is a senior mortgage editor at Fox Money who has spent more than 10 years writing and editing content. Fox Money is a personal finance hub featuring content generated by Credible ...

Will your mortgage application be approved? That depends on the outcome of mortgage underwriting. Mortgage underwriting is a crucial step of the homebuying process in which mortgage lenders decide ...

Mortgage underwriters are the fact-checkers of the home loan approval process, ensuring that the financial picture you portrayed in your application and the documentation you provided are accurate.

When a mortgage lender evaluates a borrower’s application for a mortgage and the home that will be used as collateral and approves or rejects the loan request, the process is called underwriting.

Underwriting is the process through which a lender verifies your income, assets, debt and property details before approving a loan and terms such as interest rate and fees. Underwriters perform an ...

For borrowers in a still-hot housing market, getting approved for a mortgage can be a challenge. Mortgage rates have soared from pandemic-era lows, home values are near record highs and home price ...

A lender might issue a conditional mortgage approval if there are some hurdles you still need to clear before you can get a mortgage. The conditions you need to meet before proceeding to full approval ...

A conditionally approved mortgage means the mortgage lender will likely approve your loan application, assuming you meet certain criteria. Conditional approval of a mortgage loan does not guarantee ...

The majority of mortgage applications are processed with automated technology, but lenders can use manual mortgage underwriting for more complex financial situations. If you have a limited credit ...