The housing market is currently witnessing a major surge, thanks to record-low mortgage rates. According to the Mortgage Bankers Association’s seasonally adjusted index, mortgage applications to purchase a home was a remarkable 21% higher than one year ago.

At a time like this, it is likely that underwriters may feel overwhelmed with the sudden surge in volumes. An underwriter does require several documents that are current and complete to ensure that there are no gaps in the borrower’s financial narrative. Continue reading...