We've all heard the term 'under writer' when it comes to buying your new home. BUT what is an underwriter and what do they do?
Put simply -An underwriter is the person that ultimately signs off on the loan documents. They are an unbiased third party who will look at your personal and financial documents to determine if you are qualified to receive a specific loan product.
In this episode Rich is giving an insight into his world of underwriting. Breaking down, income, commission, turn around times, documents and MORE.
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