Processing and Underwriting the Loan

An underwriter will review the loan and provide final approval. During this phase, they will review credit reports, verify buyer’s financial status and conduct a property appraisal. They will determine that all loan requirements have been met and that the buyer is qualified for the loan. It is imperative that you keep in close communication with your lender, who will let you know when additional documents are needed to approve your loan application and fund your loan.