All too often these days, we hear about mortgage applications being denied due to tight underwriting guidelines. Often is not the standard underwriting guidelines of FHA, USDA, VA, Fannie Mae or Freddie Mac that is tripping up these loan files but the restrictions of the lender itself. Sometimes it may seem like these conditions pop up out of nowhere but they do not. Underwriters work for the lender and they are paid to underwrite each file according to the written underwriting manual published by that lender. Even though sometimes it seems like they just make this stuff up as they go along, they (9 comments)