Mortgage Underwriting

Retail Banking  ·  6 min read

Mortgage Underwriting: When Two Underwriters Reach Different Conclusions on the Same File

Manual mortgage underwriting introduces variability that has a cost in both directions. A creditworthy borrower declined by one underwriter would have been approved by another. A marginal borrower approved on a subjective judgment would have been declined on a consistent model. AI-assisted underwriting does not replace underwriter judgment. It makes it consistent.