---
title: "Underwriting — What It Means | Ondo RE"
canonical: https://www.ondorealestate.com/glossary/underwriting/
---

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Mortgage & lending[All terms starting with U](/glossary/#letter-U)

# Underwriting

Also called: underwriter, aus, automated underwriting

The lender’s review of your credit, income, assets, and the property to decide whether the loan can be made.

Most files start with an automated underwriting decision, then a human underwriter verifies that the documentation supports what was entered and issues conditions to clear before closing.

Underwriting continues until funding. Credit and employment are typically re-verified shortly before closing, which is why opening new accounts or changing jobs mid-process can derail an approved file.

## Related terms

- [Pre-approvalA lender’s conditional commitment to lend after reviewing your credit, income, and assets: stronger than a pre-qualification.](/glossary/pre-approval/)
- [DTI (Debt-to-Income Ratio)The share of your gross monthly income taken up by monthly debt payments, including the proposed housing payment.](/glossary/dti/)
- [ReservesLiquid assets left after closing, measured in how many months of the full housing payment they would cover.](/glossary/reserves/)
- [AppraisalA licensed appraiser’s independent opinion of a property’s market value, ordered by the lender.](/glossary/appraisal/)

## Go deeper

- [How underwriters verify income](/blog/how-underwriters-verify-income/)
- [A new auto loan during underwriting](/blog/new-auto-loan-during-underwriting/)

## More in Mortgage & lending

- [Amortization](/glossary/amortization/)
- [APR (Annual Percentage Rate)](/glossary/apr/)
- [ARM (Adjustable-Rate Mortgage)](/glossary/arm/)
- [Cash-out refinance](/glossary/cash-out-refinance/)
- [Closing costs](/glossary/closing-costs/)
- [Conforming loan](/glossary/conforming-loan/)

## Have a question about your own situation?

Ondo handles brokerage, lending, property management and notary under one roof, so the answer does not change depending on who you ask.

[Talk to Ondo](/contact/)[Browse all terms](/glossary/)

Loan information is provided by Ondo Real Estate (NMLS ID on file). This is not a commitment to lend, a loan approval, or an offer of credit. Rates, terms, and payments shown are estimates for illustration only, are not a quote, and are subject to credit approval, underwriting, and market conditions. You are not required to use Ondo for financing to buy or sell with Ondo. Equal Housing Lender. Program rules, fees, and county loan limits change. Confirm the current published schedule and lender overlays. Nothing here is a quote, a lock, or a credit decision. [Licensing and disclosures](/licensing/)