Processing and underwriting are distinct parts of reviewing a mortgage. Team structures differ: a processor helps assemble the file, while an underwriter evaluates it against applicable requirements. Other parties and unresolved conditions can also affect closing.
Player
The processor and underwriter: preparing and reviewing your loan
The processor builds your file. The underwriter approves or denies it. Here is exactly what each one does and how to work with them.
By Lighthouse Companies, LLC · Updated · 2 min readLighthouse provides educational information, not a personal loan quote, lending decision, or legal or financial advice. Verify the figures against your documents and ask your lender, servicer, or a qualified professional about your circumstances.