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What is an appraisal?

If you are purchasing a home or refinancing your existing home an appraisal is need during the process. An appraisal is the estimated value of the property determined by viewing the home and comparing it to recently sold homes that are similar to the property in that area. In a purchase transaction this protects the...


What does a Underwriter do?

Once you apply for a mortgage, the Loan Originator gets the file prepared to then pass over to a Loan Processor who submits your file to a Loan Underwriter. Once the Loan Underwriter has the file, their job is to either approve, suspend or decline the loan in process. How the underwriter decides on if...