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Will I Get Funded? Demystifying the Loan Underwriting Process | Coffee Chats with Caroline Nelson
What exactly happens in underwriting? Here’s the truth behind the "black box."
If you’ve ever wondered if you will get funded for a loan, in this episode, Caroline and Brandi from CIC share what an underwriter really looks for - and how you can get approved faster.
Why are loans underwritten? It’s all about assessing risk. Lenders use a variety of means to understand if your business can handle taking on the debt - using ratios like DSCR (debt service coverage ratio), current assets, cash flow, credit history, additional income, and more. For lenders like CIC, we want to make sure that the…
The skinny
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