Mortgage Underwriting
/ˈmɔːrɡɪdʒ ˈʌndərˌraɪtɪŋ/
Definitions
- (n.) The process by which a lender evaluates the risk and creditworthiness of a borrower seeking a mortgage loan.
Mortgage underwriting includes assessing the borrower's income, credit history, and property value.
Forms
- mortgage underwriting
Related terms
See also
Commentary
Mortgage underwriting is critical in loan origination to ensure appropriate risk management and legal compliance.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.