Question:

What does a mortgage underwriter do?

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would i be correct with this following answer?

someone that gathers all the infomation and has all safegaurds in place; all the lagalites and formalites covered before the mortgage funds are released

how far off am i in my answer to what one actually does?

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  1. The underwriter is the lender or company who actually provides the money for your loan. A mortgage broker "brokers" and represents several different underwriters and depending on your situation they choose the "best" underwriter for you and your loan.

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