Question by Daniel G: Do personal loan underwriters spend a lot of time verifying income or do they rely on credit score?
Do personal loan underwriters spend as much time as mortgage loan undertwriters verifying income? I know mortgage loan underwriters spend days checking a loan and have tools to check docs. Do personal loan underwriters follow the same guidelines?
Answer by kelly
yes they do they need both statements and information that support what you have written down to make sure that you are not a risk worth taking.
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