In plain English
This means the application is being examined by the lender rather than just received or waiting. The lender is judging the borrower’s risk and whether the loan fits its approval standards.
In context
Here, it reports that the mortgage application is currently with underwriting for formal assessment of risk and fit with the lender’s approval requirements.
- Situation
- Following home-purchase, mortgage, valuation, survey, and closing administration
- What it communicates
- shows the application is with underwriting for assessment.
Meaning limits
By itself, this status does not show whether the loan will be approved or declined.
Examples
“Their mortgage application is in underwriting, so the lender is still reviewing the borrowers' risk instead of giving an approval or a refusal.”
“After a week of waiting, she called the broker and learned that her mortgage application was still in underwriting.”