Sentences with phrase «required as a part of the underwriting process»

For Kentucky homebuyers with a minimum credit score of 640 lenders may streamline the credit approval process normally required as part of the underwriting process.

For those who are applying for traditional life insurance coverage, it is likely that a medical exam will be required as a part of the underwriting process.

Unlike a fully underwritten life insurance policy that calls for a blood and urine sample, no exam policies — as their name suggests — will not require this as a part of the underwriting process.

This means that there would be no medical examination required as a part of the underwriting process — thus, making the policy easier to qualify for.

In many cases, there is no medical examination that is required as a part of the underwriting process — and because of this, even if a person has certain health issues, he or she could still qualify.

In order to purchase an accidental death insurance policy from Transamerica, there is no medical exam required as a part of the underwriting process.

Not exact matches

Of note to one reader's question, lenders do not need a FICO score to submit a mortgage to the federal housing agencies for insurance, but the GSEs do require all three raw credit reports be pulled into a «Tri Merge» file as part of the underwriting procesOf note to one reader's question, lenders do not need a FICO score to submit a mortgage to the federal housing agencies for insurance, but the GSEs do require all three raw credit reports be pulled into a «Tri Merge» file as part of the underwriting procesof the underwriting process.

In addition to the other parts of mortgage underwriting process — such as verifying employment and determining the borrower's ability to afford the monthly payment — lenders traditionally required 20 percent down to ensure the borrower had some of their own money committed before the bank would provide a loan.

There are some people that think that because a company doesn't require a medical exam as a part of the underwriting process that they will be able to get approved easier if they have a know preexisting condition.

Once you've provided the required information, the insurance company will review it as part of the underwriting process.

For instance, many burial insurance policies do not require an applicant to take a medical examination as a part of the approval process — and because of this, those who may have an adverse health condition may still be able to qualify (even if they have been turned down for medically underwritten life insurance in the past).

Because of this, it is not required for the applicant of a guaranteed acceptance life insurance policy to undergo a medical examination as a part of the underwriting process.

As its name implies, no exam life insurance does not require an applicant to undergo a medical examination as a part of the underwriting procesAs its name implies, no exam life insurance does not require an applicant to undergo a medical examination as a part of the underwriting procesas a part of the underwriting process.

This policy does not require a medical exam or lab tests as a part of the underwriting and approval process.

Some of these policies will require the applicant to undergo a physical and to also answer an extensive list of health - related questions as a part of the underwriting and approval process.

Most of the policies that are offered through Transamerica will require the applicant to undergo a medical exam as a part of the underwriting process.

Those who may have certain medical issues could still be able to qualify for a Basic Term Life Insurance policy through Allstate, as there is no medical examination that is required as a part of the underwriting and approval process.

A guaranteed issue life insurance policy is one that not only will not require a medical examination as a part of the underwriting process, but it also guarantees that the applicant will qualify for coverage, regardless of his or her health condition.

No medical exam life insurance is a type of life insurance coverage that does not require an applicant to undergo a medical examination as a part of the underwriting process.

One of the nice advantages about this particular policy is that the applicant for coverage is not required to undergo a medical examination as a part of the underwriting and approval process.

Because many final expense policies do not require medical exams as a part of the underwriting process, the individuals that apply — and are approved — for this type of coverage may be more risky in terms of health, and in turn, in terms of claims to the insurer.

There is also a guaranteed whole life insurance product that those who may have adverse health issues could consider, as it does not require a medical exam as a part of the underwriting process.

Guaranteed life insurance, the most expensive type of coverage, does not require that you take a medical exam as a part of the underwriting process and companies ask very few medical - related questions on the application.

This is because many of these policies will not require an applicant to undergo a medical examination as a part of the underwriting process.

No medical exam life insurance is a type of life insurance coverage that does not require an applicant to undergo a medical examination as a part of what is called the «underwriting process» in insurance parlance.