What is the application underwriting process?
When you submit an application for underwriting, analysis is done on your loan request. In the traditional loan process, your application goes through many hands: the loan officer who helps you find the loan; the processor who orders credit reports, pay stubs, and bank statements; the appraiser; and the underwriter. The information that you supply via the Wachovia web site circumvents that traditional process so that your loan can receive pre-approval in minutes.
