Additionally to qualify for FHA Mini Eagle status a broker must
show financial solvency and be able to withstand HUD compliance audits which 75 % of brokers do not or can not risk the scrutiny.
Not exact matches
* From a
financial analytics perspective, very high
Solvency Ratio is not good since it
shows there is too much idle money in the company's books.
Each of them is a way to simply
show that you have the
financial solvency to meet state requirements for liability protection.
Requirements include $ 7.5 million in minimum capital, access to additional capital based on a state
solvency review, a business plan that
shows adequate support staff, and systems to collect premiums, pay claims and provide customer service, said Caleb Buhs, public information officer with the Michigan Department of
Financial and Insurance Services.
Solvency Ratio — This ratio
shows the
financial ability of an insurer to pay it's short - term as well as long term debts.