Sentences with phrase «underwriting criteria they use»

Each credit union may have its own underwriting criteria used to approve application for the loan.

The data say nothing about each household's credit history, the underwriting criteria used, or the lender's business strategy.

Not exact matches

According to an informational booklet produced by the credit - reporting company TransUnion: «typically, a lender will use additional criteria and analytics beyond the credit score during the underwriting process and to further segment a population of consumers...»

LendingPoint uses alternative underwriting criteria that considers more than just your credit score.

They also use alternative underwriting criteria, which means that they look at things outside just your credit score and income to make lending decisions.

While the bank may have other criteria used to determine eligibility, most underwriting criteria is common.

According to Peter J. Wallison of the American Enterprise Institute, lenders use a variety of underwriting criteria to ensure the prime quality of loan.

In times when housing prices and mortgage demand are hitting rock bottom in many markets, it would be appropriate for HUD / FHA to insist on FHA approved lenders underwriting FHA loans using uniform FHA criteria.

Also known as digital underwriting, the process of analyzing borrower credit qualifying criteria with electronic software programs is used by FHA and conventional mortgage lenders.

Upstart uses your credit score if it is over 620 to make credit decisions, but may also use alternative underwriting criteria if your credit score is below 620 or if you don't have a credit score.

Banks follow SBA guidelines but use their own underwriting criteria to evaluate loan applications.

While this seems like a reason not to invest in a student's education, the average student still benefits economically from investing in education, but using only creditworthiness as criteria for loan qualification leaves out a large pool of candidates (from low - income origins) despite an average positive return from investing on a degree A targeted approach known as «forward - looking underwriting» determines a borrower's qualifications based on more factors than just credit history (considered backward looking).

While lenders used to feel pretty safe approving loans as long as they met HUD's stated underwriting criteria, they no longer can.

Borrowers with no Group I trade references will be underwritten using the criteria set forth under «insufficient credit» below.

Each lender offers a host of specific benefits and uses custom underwriting criteria.

These metrics and underwriting criteria for over 95 lenders / investors are combined by MBA using data made available via the AllRegs ® Market Clarity ® product and a proprietary formula derived by MBA to calculate the MCAI, a summary measure which indicates the availability of mortgage credit at a point in time.

Some lenders use alternative underwriting criteria that look at more than just your credit score and income.

In keeping with its goal of using innovation and rigorous analytical methodologies to support improved legal outcomes, Juridica seeks to provide attractive returns to its investors by selecting claim assets that meet well - defined underwriting criteria, that are indicative of solid and verifiable economic value, and that promote the company's strategic objectives.

Companies have reported that they are now able to accept some customers who would have otherwise been denied coverage using only more traditional underwriting criteria.

Most drivers who do not meet an insurance company's standard or preferred risk underwriting criteria will end up using a non-standard insurer to obtain the auto insurance coverages that they need.

For most drivers who where not able to meet the requirements of the insurance company in obtaining a preferred or standard underwriting risk criteria, all of them will opt to use the non-standard auto insurance just to make sure that their vehicles are under an insurance that provides coverage for damages and losses.

Additionally, each life insurance company will have its own internal underwriting criteria that it uses to make its own individual determination.

Metlife, like all life insurance companies, uses underwriting criteria in order to qualify for their life insurance products.

But because insurance companies are free to use their own underwriting criteria and set their own rates, there is no «magic formula» for determining how much higher your rates will be.

Each insurance carrier has its own unique «underwriting guidelines» or criteria used to determine a person's risk profile.

We've talked about all the different criteria that companies use to underwrite policies, like build, cholesterol level, hypertension, asthma, diabetes, and family history for example.

Some states have adopted regulations that don't allow insurance companies to use foreign travel as criteria for underwriting life insurance.

According to Peter J. Wallison of the American Enterprise Institute, lenders use a variety of underwriting criteria to ensure the prime quality of loan.

To best ensure safer, well documented and underwritten loans without limiting the availability or increasing the costs of credit to borrowers, NAHB supports a QM safe harbor definition that would provide more assurance to lenders that they will not be subject to increased litigation if they use sound underwriting criteria.

We're advocating for underwriting and rating rules for the individual and small - employer markets that cover guaranteed issue and guaranteed renewal and prohibit using health status and pre-existing conditions as underwriting criteria.

In the new program, Cambridge will partner with a limited core group of capital partners who will fund the bridge transactions using their own specific underwriting criteria.