Anyone have good insight on underwriting process?
We've been reading and hearing about underwriting software, and outsourcing each submission (which doesn't sound too assuring)

We understand the general rule of thumb with purchasing up to a specified percentage.
Just wondering if there's more to this than just the standard formula such as average daily balances.

-Bonus-
for final underwriting, what are some background check procedures? We've heard of datamerch.