Underwriters work for the mortgage lenders to evaluate your risk as a borrower, ultimately determining whether your loan is approved. They check the accuracy of your loan application's financial information. Underwriting standards tend to be stricter than loan pre‑qualification requirements and have tightened since the credit crisis of 2008.

The underwriter assesses the loan application and appraisal report, before deciding whether or not to approve your loan application. They may ask to see other documents you haven't provided.

Your loan application will either be approved, denied, or suspended, which means the underwriters wants to see more documentation. Sometimes they approve with conditions, which also means they want to review more documents or want you to verify, clear up or correct information.