Augusta
VIP Contributor
The truth is that no lender wants to lose their money as such they employ some services that will help protect them from this risk. One of such service that csn employed by a lender in real estate is the underwriting service.
Underwriting is the service of protecting lenders and determining loan conditions to avoid financial risk. Those employ for this service are the Underwriters.
They execute the service of looking at a borrower’s credit to ascertain the person eligibility. Same is applicable to looking at the employment history and debt owed.
The underwriter will also look at property’s condition to be bought if it is up , to the loan eligibility.
Underwriting is the service of protecting lenders and determining loan conditions to avoid financial risk. Those employ for this service are the Underwriters.
They execute the service of looking at a borrower’s credit to ascertain the person eligibility. Same is applicable to looking at the employment history and debt owed.
The underwriter will also look at property’s condition to be bought if it is up , to the loan eligibility.
