What automated mortgage underwriting is, how it works, and why lenders use it - Business Insider

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Why more and more mortgage providers are adopting automated underwriting to streamline the loan application and approval process

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This way, clients who are approved can move on to the next stage of the mortgage loan process, and only select clients — perhaps those who are new to building credit or have had previous financial troubles — need to meet with a human to complete the underwriting system manually. Consumers look for lending companies that are able to reduce loan processing times and cut interest rates.By enabling a fully automated mortgage underwriting process, financial institutions can:

 

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