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Mortgage Loan Glossary

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Underwriting

Underwriting is what mortgage loan brokers do: they verify all the information you filled in on your mortgage loan application. In other words, they make sure your application info is correct.

In order to verify your home mortgage loan application information:

• Brokers check your proof of down payment
• Brokers check your proof of income
• Brokers do a credit check
• Brokers check your proof of property ownership

And to verify your commercial mortgage loan application information:

• Brokers check your proof of down payment
• Brokers check your proof of income
• Brokers do a credit check
• Brokers check your proof of property ownership
• Brokers check your proof of purchase property income