mortgage simple definition: Explaining Manual Underwriting on VA Loans

Explaining Manual Underwriting on VA Loans

Explaining Manual Underwriting on VA Loans. Mortgage: Your Mortgage Underwriter studies and approves or rejects your file.

Explaining Manual Underwriting on VA Loans video duration 3 Minute(s) 30 Second(s), published by Veterans United Home Loans on 07 03 2019 - 17:38:31.

Chris Birk, Director of Education at Veterans United Home Loans, breaks down the manual underwriting process
One of the biggest benefits of the VA loan Atlantic Bay (http://atlanticbay.com/) President of Sales and Strategic Growth, Justin Caplan, sat down with our Regional Vice President of Production, Jamie .

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Chris Birk, Director of Education at Veterans United Home Loans, breaks down the manual underwriting process.

One of the biggest benefits of the VA loan program is that veterans who’ve hit a rough financial patch can still qualify for a mortgage. But lenders will need to take a closer look to ensure you can handle the responsibility of a monthly mortgage payment. In these cases, you may hear a loan specialist say that your loan will need a “manual underwrite” or to be “manually underwritten.”

Time Stamps
0:30 - Purpose of Manual Underwriting
1:39 - Manual Underwriting Requirements
2:28 - Verification of Rent

Learn more about the manual underwriting:
https://www.veteransunited.com/education/library/manual-underwriting/

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