To break it down, the underwriting process occurs as soon as you’ve made your application to borrow money from them. Employed underwriters will carry out thorough checks to make sure that you’re a suitable borrower for the loan, and will verify a variety of different factors, including your income, your current credit score, what assets are in your name, if you have any outstanding debts that you are currently paying off, as well as if you already have a property in your name.  While this might seem a little invasive at first, the underwriting practice is commonplace among all lenders and is used simply as a way to make sure that the loan is going to be in both your best interest, as well as theirs. That’s why, during the underwriting process, underwriters will carry out all of these checks to come to an unbiased conclusion on whether or not you’re in a position to comfortably take on the financial commitment, both now and in the long term. To break all of that down even further, your lender is essentially carrying out extensive checks to determine how much of a risk lending money to you will be.