how long does the underwriting process take 
with the advent of information technology the underwriting process for insurers and lenders has shortened from a matter of weeks or months to just a few days or even hours in some cases the time frame varies by the type of instrument being underwritten and any applicable state regulations the bottom lineunderwriting is the process of examining the financials of a loan or insurance application to determine how much risk they pose to a lender or insurer this usually means checking the applicant s income assets and credit history to determine the likelihood that they will end up costing the underwriting institution more than the customer pays in premiums 