Fair Lending School 2.0
Module 7: Underwriting
After a lender has taken an application and figured out the loan product, it’s time to underwriting the loan. Underwriting is one of the greatest risks in the entire fair lending process because it’s where the decision is made to approve or deny the loan. The stronger your program is up front, the less risk you will have.
This is an important module. Ensure you understand how your organization’s staff underwrite loans, what criterion they consider in loan decisions, and what written guidance they have to do their jobs.