How Mortgage Lenders and Underwriters Verify Income

Reader question: “I was told that mortgage lenders and underwriters will verify my income as part of the loan approval process. How do mortgage companies verify a borrower’s income? And what is the primary reason for doing so?” Whether or not you get approved for a home loan will largely depend on your ability to […]

Is Underwriting the Last Step in the Mortgage Process?

Reader question: “We were informed that our loan is in the underwriting stage right now, but I’m not sure how that relates to the overall approval process. Does that mean we’re at the finish line, so to speak? Is underwriting the last step in the mortgage approval process?” Let’s start with the short answer and […]