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Mortgage Underwriting Policies and Procedures Manual

Underwriting and 2nd Level Process
Loan Plan Specification Process
Sample Credit Policy

Mortgage Underwriting Process and Mortgage Credit Policy Manual

Also available as part of The Complete Mortgage Banker Package and the Complete Wholesaler Package

The Mortgage Underwriting Policy and Procedure Manual describes the Underwriter's detailed responsibilities and step-by-step procedures of the position including loan review analysis and disposition, reviewing and distributing investor loan plan specifications, reviewing underwriting related vendor qualifications like appraisers and credit bureaus. In addition, a set of generic Fannie Mae Underwriting Guidelines are provided to allow the lender to develop internal credit policy.

Although the underwriting process is brief, compared to other areas of the mortgage process, the pressure on underwriting can cause organizational inefficiency if not controlled. 

Underwriting Elements

  • Underwriting Duties and Responsibilities
  • Resource/Information Management
  • Underwriting Procedures
  • Evaluating Refer or Non-AU Loans
  • Writing and Managing Loan Plan Specifications
  • Generic Underwriting Guidelines
  • Forms Management System
  • Credit Analysis Process
  • Loan Disposition Process
  • Documentation Requirements
  • Appraiser Vendor Management
  • Appraisal Review
Underwriting Policy Table of Contents
File Size: 79 kb
File Type: pdf
Download File

Purchase Underwriting and Credit Policy Manual Download

$395
Includes forms, checklists and other tools to execute the function - all 100% Editable
Documents delivered via e-mail link immediately - allow 5-15 minutes for e-mail processing
Request Discount Code for affiliate or state association referral

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All material copyright 2006-2021 QuickStart Mortgage Manuals
  • Home
    • What Regulators Require
    • The CFPB and You
    • Why do I need Quality Control?
    • What is a Module?
    • What is a Template?
    • Get Free Update Notifications
    • About Us >
      • FAQs
      • Industry Blog
      • Mortgage Resources
      • Client List
      • Discount Codes
      • Free Sample Request Form
  • Policy and Procedure Manuals
    • Quality Control Plan - Agency/Investor
    • Quality Control - Broker/Non-Delegated Corr
    • Mortgage Compliance Manual
    • Origination-Production Manual
    • Processing Policy and Procedure Manual
    • Underwriting Procedures/Credit Policy
    • Closing, Funding and Delivery
    • Mortgage Operations & Employee Manuals
    • Servicing Procedures
    • Sub-Servicing Management Manual
    • Wholesale/Broker TPO Manual
  • Complete Packages
    • Mortgage Banker/Lender Package
    • Correspondent/Broker Package
    • Compliance Pack for Lenders
    • Broker Compliance Package
    • Wholesale (TPO) Package
  • Single Policies
    • TRID-Integrated Disclosure Policy
    • Social Media Policy and Procedure
    • Vendor Management Policies and Procedures
    • MERS Quality Assurance (QA)
    • Ability to Repay Policy
    • Anti-Money Laundering/SAR Reporting
    • Fair Lending Plan
    • E-Sign Policy
    • FACTA/Information Security
    • Mortgage Compliance Policies
    • SAFE Act Policy Manual
    • Secondary Marketing Manual
    • Appraiser Independence Manual
    • HPML Appraisal Policy
    • Mortgage Business Plan
  • Services
    • Updates and Downloads
    • Agency Approval Services
    • Training Program Development >
      • Intranet Development
    • Audit Support >
      • New York State Audit
      • Pennsylvania State Audit
      • Nevada Audit Preparation
    • QC Audit Quote Request
    • Free Customization Offer >
      • Let Us Customize Your Product
    • Access Document Management