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The 3 Cs of Loan Underwriting Approval - Blog OnlineEd
(Jeff Sorg, OnlineEd) – When making a residential real estate loan application, qualifying ratios are only the beginning of the approval process. The “Three Cs” of loan underwriting approval are: Credit – the credit history of the applicant; Capacity – the income and ability to service the desired loan debt; and Collateral – the value …