There are plenty of risks associated with mortgage loan approvals which are known to the industry participants. These risks are associated with both, the lending institution, and the borrower. If a borrower’s documents are not in order, their application for mortgage will most likely be denied. If for some reason, the lender lands up with a bad loan due to some errors, they end up losing liquidity as they cannot market the loan in the secondary market. The process of underwriting is largely manual and hence prone to errors. Over the years, the......

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