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How Do Loan Officers And Underwriters Differ?
Question: What's the difference between a "loan officer" and an "underwriter."
Answer: A loan officer takes your application and helps find the best program for your situation. An underwriter reviews your application file to assure you meet all program standards. A loan officer does NOT approve your loan application. An underwriter has the authority to approve or disapprove an application.
Written by Peter G. Miller.
© 1997 Peter G. Miller. All Rights Reserved. Rules, Disclaimers & Notices.
Copyright © 2012 Realty Times. All Rights Reserved.
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