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Pre underwriting...

An underwriter is an individual working for mortgage lenders who determines whether or not a borrower's loan is approved. If a borrower gets a loan from a mortgage broker, the broker will send the loan documents to the lender's underwriter. The underwriter evaluates the entire loan application including the appraisal of the home, and then decides whether to approve or decline the loan application.

 

»Pre underwriting:

o Performing Income analysis for salaried and self employed borrowers

o Handling end to end pre underwriting using “Desktop Underwriter (DU)” of Fannie Mae and “Loan Prospectus (LP)” of Freddie Mac