Question

Make a list of at least three items that are important to double check before submitting a loan application to underwriting

Answer 1

Solution.>

Three most important items to check before submitting a loan application to underwriting ones are:

1. Completeness of data

It is imperative to check that there is no missing information on the application.

2. Calculations performed properly

We have to make sure all the calculations are correct i.e. income, qualifying ratios, etc.

3. We have to provide all documentation required by the loan program. We have to make sure we do not miss on any documentation required from our end.

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