- CHAPTER 1 Functions and Forms of Banking
- from Foundations of Financial Risk: An Overview of Financial Risk and Risk-based Financial Regulation, 2nd Edition
- Publisher: John Wiley & Sons
- Released: June 2015
The underwriting process leads to a decision as to whether a loan will be approved. The term "underwriting" refers to the process that leads to a final loan approval or denial, which is determined by a professional underwriter. Many factors are at play in a lender's final decision on a mortgage loan.
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