Once the processor submits the complete loan file to underwriting, it is checked to make sure the borrower and property meet all of the guidelines for the loan. The underwriter is responsible for approving or denying the loan application. Loans are sometimes approved with conditions. Once the borrower fulfills the conditions, the loan is "clear to close".

·          Loan File is Analyzed

·          Confirm Borrower Meets Guideline Requirements

·          Property/Appraisal is Evaluated

·          Loan is Approved with Conditions