As a whole, this process is referred to as mortgage underwriting, and it has many steps. Basically, the lender wants to assess your ability and willingness to repay the loan. Willingness is a bit hard to measure. But they can easily measure your financial ability to repay.
What is the 'Debt-To-Income Ratio - DTI'. A personal finance measure that compares an individualâs debt payment to his or her overall income. A debt-to-income ratio (DTI) is one way lenders (including mortgage lenders) measure an individualâs ability to manage monthly payment and repay debts. DTI is calculated by dividing total recurring monthly debt by gross monthly income, and it is expressed as a percentage.
EDI. Electronic Data Interchange (EDI) is the computer-to-computer exchange of structured business documents. EDI enables trading partners to work smarter and increase productivity by automating the exchange of information. This reduces manual work, preventing delays and increasing data quality.n this page, you will find all the information you need to become a C.H. Robinson Europe EDI contract carrier, including information on EDI capabilities, connectivity and Message Implementation Guides.