The 6 C’s of Credit

 

Now that you understand what makes up a loan package, it’s important to understand the first steps in the underwriting process…. 

 

Once an application has been submitted, the first thing through a manual underwriting process is the review of your loan package. During this review, the lenders will base their evaluation on the criteria known as the “5 C’s of Credit.” Our company believes in this criteria, but we also think there should be one more “C word,” and that word is Confidence. Let’s break down the “6 C’s of Credit.”