Underwriting: The process of assessing a borrower's creditworthiness (Credit), ability to repay (Capacity), and the property's value (Collateral).Origination: The creation of the loan and the corresponding Mortgage Servicing Rights (MSR).Servicing: Managing daily loan activities, including collecting monthly payments, managing escrow (taxes and insurance), and handling investor distributions.2. Key Underwriting Components (The "3 Cs")Credit: Reviewing FICO
Underwriting: The process of assessing a borrower's creditworthiness (Credit), ability to repay (Capacity), and the property's value (Collateral).Origination: The creation of the loan and the corresponding Mortgage Servicing Rights (MSR).Servicing: Managing daily loan activities, including collecting monthly payments, managing escrow (taxes and insurance), and handling investor distributions.2. Key Underwriting Components (The "3 Cs")Credit: Reviewing FICO