We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Underwriter powers?
audia4
Posts: 1 Newbie
Hi all 
been reading these forums for a while now and its time for my first post! Ive currently got a mortgage application underway and I was wondering what powers the underwriters actually have? I know they can contact my work but can they contact other creditors directly?
been reading these forums for a while now and its time for my first post! Ive currently got a mortgage application underway and I was wondering what powers the underwriters actually have? I know they can contact my work but can they contact other creditors directly? 0
Comments
-
In the broadest terms an underwriter is like God. In that they have the power to accept or decline your application. They'll have minions to do the leg work.
Lenders will base their decisions on credit data obtained from the Credit Reference Agencies, Trust Registry, National Hunters and their own internal records if you bank with them.0 -
No they will not contact your creditors.
Even if they did, your creditors could not say anything due to data protection laws.I am a Mortgage AdviserYou should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
Why would they need/want to contact creditors? Any info they care about is most likely recorded at at least one CRA.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354K Banking & Borrowing
- 254.3K Reduce Debt & Boost Income
- 455.2K Spending & Discounts
- 247K Work, Benefits & Business
- 603.6K Mortgages, Homes & Bills
- 178.3K Life & Family
- 261.1K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards