![](https://images.squarespace-cdn.com/content/v1/60994f1654e837745fdb0f8a/1621515931904-YDWLM5NHR39NJ5X6LDKY/Glossary-Bkgd6-59.png)
Underwriting
Underwriting is the process undertaken by a Lender to assess the risk of lending to a particular Borrower. During the underwriting process, lenders will review the borrower’s income, employment, credit history, Debt-Service Ratios, Down-Payment and property details, among other things. A Borrower will not receive a firm approval for their Mortgage until the Lender has completed their underwriting.