In the world of lending and mortgages, manual underwriting is an essential process that helps lenders assess the creditworthiness of borrowers who may not meet the traditional automated underwriting criteria.
While automated underwriting systems have become prevalent in the industry, manual underwriting still plays a significant role in evaluating loan applications for individuals with unique financial circumstances.
In this comprehensive guide, we will delve into the intricacies of manual underwriting, how it works, and why it remains an important aspect of the lending process.
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- Source: https://www.compareclosing.com/blog/manual-underwriting-and-how-it-works/
