Begin Your Property Loan Journey
- Past Lesson 7.3 Maintaining Your Loan on course
- In this training
- Phases of Underwriting
- The Underwriter’s Job
- Underwriting Results
- Underwriting Conditions
- Next Lesson 8 Closing In Your House
Phases of Underwriting
Purchasers go into the very first phase of underwriting during preapproval.
VA loan providers generally depend on an “Automated Underwriting System, ” or AUS, to determine a buyer’s preapproval status.