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The Underwriting Process – What Will They Evaluate?

When a home buyer applies for a home loan, the application is accepted or rejected based on criteria that prove that the applicant is a financially stable and reliable candidate to make their payments on time. Requirements and qualifications vary based on each home loan program.

An underwriter is a hired vendor responsible for reviewing each application to assess the risk of lending to a borrower. This process not only protects the lender from potential default but also protects the borrower from entering a loan that they cannot afford.

During their assessment, they take three factors into consideration. Each factor is weighted differently based on the type of the home loan.

The Underwriting Process – The 3 C’s

To fully assess the risk of a borrower, underwriters review a borrower’s credit, capacity, and collateral. Based on their assessment, they determine if the borrower’s application matches the guidelines and qualifications of the home loan requested.


An underwriter will assess a borrower’s credit score and history to predict the borrower’s ability to make their payments on time and in full. How well an applicant has paid their debt in the past is a great indication of how well they will continue to do so in the future.

Credit history is perhaps the most important factor in a borrower’s application for a home loan. Credit scores are evaluated based on payment history, amounts owed, the length of your credit history, and types of credit. Normally, payment history and amounts owed are weighted the most heavily by an underwriter.
If you have concerns about your credit, contact one of our loan originators today to determine the best plan for obtaining a mortgage.


Assessing a borrower’s capacity answers the question “Can the borrower pay off their debt?” Capacity is evaluated based on income, employment, and current debt. These evaluations determine whether or not a borrower can afford their current obligations and a new mortgage payment.

Debt-to-income ratio is an important factor in assessing a borrower’s capacity to repay their debt. This is calculated based on several elements of a borrower’s gross monthly income versus their outgoing expenses. Low debt-to-income ratios prove that an applicant can afford their current debt and have flexibility to acquire a mortgage loan.

Lastly, underwriters may also assess the applicant’s current savings and checking accounts as well as their 401(k) to determine the ability to continue paying off their loan in case they were to lose their job or become ill.


The home that a borrower is purchasing is considered their collateral. An underwriter considers the value of the home being financed in order to ensure that the loan amount does not exceed the value of the property. To do so, they will request an appraisal of the home.

An accurate loan amount protects the lender from being unable to pay the unpaid balance of a loan in the case that a borrower does not make their payments and the home is repossessed.

Prepare for a Home Loan Application

Protect Your Credit

As you are preparing to apply for a home loan application, consistently monitor your credit score. This will allow you to identify areas of your credit history that need work and errors on your credit report that require disputing.


Record Low Mortgage Rates Favor Buyers

How We Got Here

When the great financial recession struck in 2008, it undoubtedly left a bad taste in the mouths of every American. Whether you were seeking a new career opportunity or looking to purchase your first home, the road to accomplishing those goals has been extremely hard for nearly every single one of us. So how did we go from a historic housing market crash to record low mortgage rates? (more…)

Golfing for Caleb

On April 24th, 2016, Chris Doering and other prominent Gainesville citizens came together to play a few rounds of golf, enjoy the Florida sunshine and most importantly, raise money for an extremely noble cause.

Caleb’s Pitch is a local non-profit organization that was founded by Boston-native Tim Jacobby. Tim’s son Caleb, an avid Boston Red Sox fan, was diagnosed with terminal cancer when he was just 7 years old. After a long, difficult battle, Caleb passed away on May 10, 2006. He was 8 years old.

Although Caleb was unable to overcome his illness, the bravery he displayed left an undeniable impact on the lives of everyone he encountered. Caleb became known for his unbreakable spirit and his daily encouragement of the doctors and nurses often telling them “you’re doing a great job”. (more…)

Judd Davis helps Gators’ kicker Eddy Pineiro

Judd Davis, the Ocala Branch Manager for Chris Doering Mortgage, recently took some time to help out his former school. The former University of Florida kicker was back on the practice field in Gainesville to work out with UF kicker Eddy Pineiro, who transferred to the program in January. (more…)

Chris Doering Mortgage Proud to Sponsor Local Event

Chris Doering Mortgage was proud to sponsor Madness and Mayhem Inc.’s Haunted House and Graveyard event in High Springs, FL last October. The annual experience is run by volunteers to raise funds that benefit local charities through this Gainesville event.

Madness and Mayhem Inc., a 501(c)(3) not for profit charitable organization that cares with scares, is pleased to announce their donation to four other local charitable organizations from funds raised at their recent Haunted House and Graveyard event that was held in October 2015. The High Springs Museum, Our Santa Fe River, M.A.P. for Youth and Plenty of Pit Bulls received a total of $4,000 from Madness and Mayhem Inc.’s ticket sales proceeds. (more…)