Understanding Underwriting

Welcome to the Vetted VA podcast. The VA Loan Your Journey Home. This is a podcast where we go beyond the surface of VA home loans. Join us weekly as we team up with leading mortgage and real estate experts who've gone through the vetted VA training and vetting process. We dive into everything you need to know from your initial contemplation of buying a home. We’re going to talk about understanding the underwriting process, the VA loan, something that I think you should tune in to. The questions asked and answered will be beneficial if you're looking at going through the process or recently have gone through the underwriting process for a loan and really want to understand what's going on behind those scenes. Now, let's get started. We hope you enjoy the show. We hope you enjoy this. And if you have any other follow-up questions. Let us know at [email protected]. Enjoy! 00:00:00 Introduction 00:02:23 What is mortgage underwriting 00:04:00 What are the 3 C's and why are they important 00:06:03 VA's role in underwriting 00:11:48 Preapproval vs. Underwriting 00:17:20 Analyzing Income in Underwriting 00:19:27 Variable income 00:25:21 What income does the underwriter need 00:32:55 IS a license needed to be an underwriter? 00:34:00 What docs are needed 00:48:10 Can someone override the denial made by an underwriter? 00:51:21 Credit Requirements 00:53:50 Automated underwriting 00:60:04 Residual income 01:03:36 Appraisal 01:05:42 Notice of Value Engage with Vetted VA ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Nathan Knottingham on LinkedIn⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Christopher Griffith on LinkedIn⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Nathan Knottingham of Facebook⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Christopher Griffith on Facebook⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Vetted VA on Facebook⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Vetted VA Website⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠The episode on YouTube⁠⁠⁠⁠⁠⁠⁠⁠⁠