During mortgage underwriting, what report is typically obtained by the underwriter to evaluate the applicant's financial reliability?

The correct response is that the underwriter obtains a credit history report to evaluate the applicant's financial reliability. The credit history provides essential insights into an individual's creditworthiness by detailing their borrowing habits, payment history, outstanding debts, and overall financial behavior. This information is crucial for underwriters as it helps them assess the likelihood of the borrower being able to repay the mortgage loan.

A credit history also includes credit scores, which are numerical representations of creditworthiness derived from the data in the credit report. These scores are a primary factor in determining loan terms, interest rates, and the amount for which a borrower qualifies.

While other options, such as an employment report or a financial statement, may provide additional insights into an applicant's overall financial stability, they do not directly assess credit reliability as thoroughly as a credit history does. The property history is more focused on the details of the property rather than the borrower's financial background. Hence, the credit history is the foundational tool used in underwriting to evaluate financial reliability comprehensively.