Closing Process

What Happens During Underwriting?

Meet the person deciding whether your loan closes — and what they check.

5 min readUpdated 2026Closing Process

The four Cs

Credit, capacity (income), capital (assets), and collateral (property). Every condition maps back to one of these.

Conditions to clear-to-close

Underwriters issue conditions — like an updated pay stub, a letter of explanation, or an insurance binder — before signing off.

Key takeaways

  • Responsiveness is speed.

Frequently asked questions

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