Leading global AI-powered credit underwriting platform provider Scienaptic AI announced today that CommunityWide Federal Credit Union has implemented its AI-based decisioning platform and is now live.

Accumn's CEO, Aniket Shah, discusses the evolution of credit underwriting from traditional methods to AI-powered systems.

For example, for FHA loans where the applicant’s credit score is under 620 or debt-to-income exceeds 43 percent, lenders must use manual underwriting. Tips for the manual underwriting process Be ...

Underwriters often break the underwriting process down into three steps, commonly referred to as the “three Cs of underwriting:” credit, capacity, and collateral.

Understanding the mortgage underwriting process, including critical steps such as credit checks, income verification and property appraisal, can better prepare you for your mortgage application.

Factors underwriters consider during the underwriting process include credit history, credit score, income, debt-to-income ratio and employment history. They will also weigh total assets and the ...

Adoption of technology in credit underwriting has lagged other spheres despite the many benefits it offers ­— from standardising the process to instituting guardrails and controls in the credit ...