Loan underwriting definition

Loan underwriting means a loan process that involves the analysis of risk
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Loan underwriting means means a loan process that involves the analysis of
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Loan underwriting means a loan process that involves the analysis of risk with respect to the decision whether to make a loan to a loan applicant based on credit, employment, assets, and other factors including evaluating a loan applicant against a lender's various lending criteria for creditworthiness, making a determination for the lender as to whether the applicant meets the lender's pre-established credit standards and/or making a recommendation regarding loan approval.
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Examples of Loan underwriting in a sentence

  • Loan underwriting decisions must be based on an applicant’s credit history and present and reasonably foreseeable eco- nomic prospects, rather than on the basis of assumptions regarding com- parative differences in creditworthi- ness between married and unmarried individuals, or between men and women.(2) Discrimination on the basis of lan- guage.

  • Purchases will be made following receipt and review of closing documents, including evidence of compliance with SETH guidelines, applicable Mortgage Loan underwriting requirements, FHA, VA, RHS and Freddie Mac requirements, federal and state regulations.

  • In the event that SBA purchases a Loan Interest in Seller’s Pool Loan, Seller must provide to SBA copies of the Pool Loan collateral documents, Pool Loan underwriting documents, and any other documents SBA may re- quire in writing within 15 calendar days of a written request from SBA (which SBA will review in connection with its efforts to determine if Seller is obligated to reimburse SBA pursuant to this subpart).

  • Loan underwriting guidelines typically require an underwriter to consider a variety of key facts about the borrower, including: the borrower’s overall debt level, annual income, debt- to-income (“DTI”) ratio, amount of cash reserves or disposable savings, employment history and prospects for future employment, credit history, and credit score (a measure of a borrower’s credit risk, also called a “FICO score”).

  • Loan underwriting guidelines can also be modified during Program operations, as experience dictates.

  • Clarity and suitability of proposed Loan underwriting criteria and ability to meet the Program goals.

  • The documents, instruments and agreements submitted for Loan underwriting were not falsified and contain no untrue statement of material fact or omit to state a material fact required to be stated therein or necessary to make the information and statements therein not misleading, or that may cause damage to Purchaser.

  • Purchases will be made following receipt and review of closing documents, including evidence of compliance with SETH guidelines, applicable Mortgage Loan underwriting requirements, FHA, VA and RHS requirements, federal and state regulations.

  • Loan portfolio analysis Loan underwriting involves a variety of analytical elements.

  • Loan underwriting decisions must be based on an applicant’s credit history and present and reasonably foreseeable economic prospects, rather than on the basis of assumptions regarding comparative differences in creditworthiness betweenmarried and unmarried individuals, or between men and women.(2) Discrimination on the basis oflanguage.


More Definitions of Loan underwriting

Loan underwriting means the process and analysis used by the TLC to determine if the risk of offering a UIP Mortgage loan to a particular borrower under certain parameters or risk factors is acceptable.
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Loan underwriting means a written or otherwise docu- mented evaluation of the assumption of risk preceding the granting of a loan to a specific borrower, and may be fulfilled through use of a formalized grading system. Loan underwriting may be based on one or more of the following:
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Related to Loan underwriting

  • Underwriting (the "Directed Share Program"). The Shares to be sold by Xxxxxx Xxxxxxx pursuant to the Directed Share Program (the "Directed Shares") will be sold by Xxxxxx Xxxxxxx pursuant to this Agreement at the public offering price. Any Directed Shares not orally confirmed for purchase by any Participants by the end of the first business day after the date on which this Agreement is executed will be offered to the public by Xxxxxx Xxxxxxx as set forth in the Prospectus.

  • Credit Underwriter means the independent contractor under contract with the Corporation having the responsibility for providing Credit Underwriting services.

  • Underwriting Agreement means the Underwriting Agreement, dated ______ __, 19__, among the Trust, the Depositor and the underwriters named therein.

  • Managing Underwriters means the investment banker or investment bankers and manager or managers that shall administer an underwritten offering under a Shelf Registration Statement.

  • Marketed Underwritten Offering means any Underwritten Offering (including a Marketed Underwritten Shelf Take-Down, but, for the avoidance of doubt, not including any Shelf Take-Down that is not a Marketed Underwritten Shelf Take-Down) that involves a customary “road show” (including an “electronic road show”) or other substantial marketing effort by the Company and the underwriters over a period of at least 48 hours.

  • Managing Underwriter means, with respect to any Underwritten Offering, the book running lead manager of such Underwritten Offering.

  • Loan processor or underwriter means an individual who

  • Underwritten Securities shall include the Initial Underwritten Securities and all or any portion of the Option Securities agreed to be purchased by the Underwriters as provided herein, if any. The Terms Agreement, which shall be substantially in the form of Exhibit A hereto, may take the form of an exchange of any standard form of written telecommunication between you and the Company. Each offering of Underwritten Securities through you or through an underwriting syndicate managed by you will be governed by this Agreement, as supplemented by the applicable Terms Agreement.

  • Participating Underwriter means any of the original underwriters of the Bonds required to comply with the Rule in connection with offering of the Bonds.

  • Underwritten Offering means a Registration in which securities of the Company are sold to an Underwriter in a firm commitment underwriting for distribution to the public.

  • Standard Securitization Undertakings means all representations, warranties, covenants, indemnities, performance Guarantees and servicing obligations entered into by the Parent or any Subsidiary (other than a Receivables Subsidiary), which are customary in connection with any financing of accounts receivable.