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
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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.

  • CFI is in the process of winding down its prior offering and, following qualification of this Offering Circular, intends to gradually discontinue its offering of notes, but will continue to provide Loan underwriting, origination, servicing, and administration services to the Company.

  • 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).

  • The documents, instruments and agreements submitted for Mortgage Loan underwriting were not falsified and contain no untrue statement of material fact nor do they omit to state a material fact required to be stated therein or necessary to make the information and statements therein not misleading.

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

  • 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.

  • The Valuation Reports and any AVMs we may obtain are generally prepared solely for its use in connection with our Loan underwriting process, so we do not provide them to investors.

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

  • Requirements You must ensure that no Lender employee or other person involved in Conflict Mortgage Loan underwriting and approval owns any direct or indirect equity interest in the Borrower.


More Definitions of Loan underwriting

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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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. This is the process the lender uses to decide the amount of risk that a potential borrower poses to the lender.
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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.

  • Marketed Underwritten Shelf Take-Down has the meaning set forth in Section 2.02(e)(iii).

  • ERISA-Qualifying Underwriting A best efforts or firm commitment underwriting or private placement that meets the requirements of an Underwriter’s Exemption.

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

  • Approved Underwriter has the meaning set forth in Section 3(f) of this Agreement.

  • Underwritten Shelf Take-Down has the meaning set forth in Section 2.4(b).

  • Shelf Underwritten Offering shall have the meaning given in subsection 2.1.3.

  • Underwriting Agreement means the underwriting agreement, dated as of _________, 2024, among the Company and Xxxxx-Xxxxxx Capital Group LLC as representative of the underwriters named therein, as amended, modified or supplemented from time to time in accordance with its terms.

  • Managing Underwriters means the investment banker or investment bankers and manager or managers that administer an underwritten offering, if any, under a 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.

  • Underwritten Shelf Takedown shall have the meaning given in subsection 2.3.3.

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

  • Underwriting Fee has the meaning given to it in the eighth paragraph of this Agreement;

  • Underwritten Shelf Take-Down Notice has the meaning set forth in Section 2.02(e).

  • IPO Underwriter means each Person named as an underwriter in Schedule I to the IPO Underwriting Agreement who purchases Common Units pursuant thereto.

  • 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.

  • Pending Underwritten Offering means, with respect to any Holder forfeiting its rights pursuant to this Section 4.5(l), any underwritten offering of Registrable Securities in which such Holder has advised the Company of its intent to register its Registrable Securities either pursuant to Section 4.5(a)(ii) or 4.5(a)(iv) prior to the date of such Holder’s forfeiture.

  • Underwriting Standards As to each Mortgage Loan, the Seller's underwriting guidelines in effect as of the date of origination of such Mortgage Loan.

  • Underwritten Takedown means an underwritten public offering of Registrable Securities pursuant to the Resale Shelf Registration Statement, as amended or supplemented.

  • 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.

  • Underwritten Offering Notice has the meaning set forth in Section 2(b).

  • Underwritten Demand shall have the meaning given in subsection 2.1.3 of this Agreement.

  • Underwriters' Securities means the Offered Securities other than Contract Securities.

  • Company Underwriter has the meaning set forth in Section 4(a).