Underwriting

The initial 60-day timeframe wherein the company processes and investigates the information provided on the application. The results of this process determine acceptability and premium rate.

The process an insurance company uses to decide whether to accept or reject an application for a policy.

The purchase for resale of a new issue of securities by an investment dealer or group of dealers.

The process an insurance company uses to decide whether to accept or reject an application for a policy.

The process of classifying applicants for insurance by identifying such characteristics as age, sex, health, occupation and hobbies. People with similar characteristics are grouped together and are charged a premium based on the group's level of risk. The process includes rejection of unacceptable risks.

Underwriting means insuring.

An insurance company underwrites your policy when it agrees to take the risk of insuring your life or covering your medical expenses in exchange for the premium you pay.

An investment bank underwrites an initial public offering (IPO) or a bond issue when it buys the shares or bonds from the issuer and takes the risk of having to sell them to individual or institutional investors to recover its investment.

The analysis of the risk involved in making a mortgage loan to determine whether the risk is acceptable to the mortgage company. Underwriting involves the evaluation of the property as outlined in the appraisal, the borrower's ability to repay the loan, the borrower's creditworthiness and the application of criteria specified by investors to whom the mortgage company might sell or transfer mortgages.

process of examining all the data about a homeowner's property and income documentation to determine whether the mortgage modification should be issued. The person who does this is called an underwriter.

The process a lender uses to determine loan approval. It involves evaluating the property and the borrower's credit and ability to pay the mortgage.

The process of analyzing a loan application to determine the amount of risk involved in making the loan; it includes a review of the potential borrower's credit history and a judgment of the property value.