Mortgage Underwriting: What You Need to Know | Redfin
Check out the recent Redfin article we were featured in: Mortgage Underwriting: What You Need to Know | Redfin
Mortgage underwriting is a necessary step in the mortgage origination process and begins when the seller accepts the offer you submitted to purchase a home. Either you or your real estate agent contacts your lender, who then collects the necessary paperwork and sends your loan package to the underwriter.
Whether you’re a first-time homebuyer or just want to be familiar with the process, so you’re better equipped when it’s time to apply for a mortgage, here’s what you need to know.