What is underwriting?

Underwriting is something your lender will do when they process your application. It’s a way of the lender making sure they don’t miss anything, or take on too much risk. Some lenders have humans that underwrite for them, they are called underwriters, while some lenders use an automated process to underwrite. However they underwrite, the purpose is to make doubly sure the lender is willing to lend you the money you’ve asked for.