Delegated Underwriting
Delegated underwriting is the highest status level provided to mortgage banking companies who have demonstrated the experience and financial capacity to make mortgage loan credit decisions on behalf of secondary market investors. The delegated underwriting authority provides for the mortgage company to employ its own underwriters who will either approve or deny mortgage loan applications based upon the guidelines of secondary market investors. This allows for quicker loan approvals, lower interest rates and more flexibility. Non-delegated underwriting does not grant authority to the mortgage banking company to make loan approval decisions but rather requires the mortgage banking company to submit the loan for underwriting to the investor.Learn more about retail branch opportunities »
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