Underwriting

Underwriting is the lender's process of evaluating a loan application to decide whether to approve it and on what terms. The underwriter verifies all documentation, runs credit and risk analytics, confirms the property's value, and checks compliance with loan guidelines.

For conventional mortgages, underwriting typically takes 1-3 weeks and runs guidelines set by Fannie Mae or Freddie Mac. Non-QM lenders set their own guidelines, often manually underwriting cases that don't fit agency rules.

Why it matters for Milo customers

Milo's underwriting is crypto-aware: it can value Bitcoin and Ethereum collateral, verify wallet ownership for self-custody mortgages, and use crypto holdings as reserves or asset depletion income. This is what allows applicants who'd be rejected by a conventional bank to qualify at Milo.

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