What is Underwriting?

Underwriting Definition

In the underwriting process, lenders determine if borrowers meet certain criteria by examining their credit, capacity, and collateral (the 3 Cs). While most HUD multifamily loans, such as HUD 221(d)(4) and HUD 223(f) loans, require a significant underwriting process, the HUD 223(a)(7) loan requires only minimal underwriting.


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