Loan Underwriters decide whether to accept loan applications by evaluating whether or not the applicant has the legal, financial and credit resources to enter into the loan.
Not exact matches
The
underwriter decides based on whether the
loan will be profitable or not for the bank to offer (and subsequently re-sell the
loan at a later point to another lender).
Once everything is in place, the
loan then goes to
underwriters who will carefully
decide on a face to face basis if they feel they should lend to you.
A mortgage
underwriter will
decide your fate, and could deny you for any numbers of reasons, including spotty credit history, bad credit, expensive student
loans, and just plain not being able to afford the monthly mortgage payment.
The reason debt is attractive is because the
underwriter or the bank worked closely with the company and
decided they could make the
loan and the firm would repay it.
Junior
Underwriters are entry - level employees who help
decide if applications for
loans or insurance cover can be accepted.
Mortgage brokers are the link between the bank and the prospective house owners, and mortgage
underwriters are the ones who must study the data given to them about the client, and
decide if the client should be given a
loan.