Sentences with phrase «underwriting factor in»

Credit is not a rating or underwriting factor in California renters insurance.

Credit is not a rating or underwriting factor in California renters insurance.

Not exact matches

There are at least four factors that can be identified: reset shock, poor assessment of the risks by the lending institution, a decline in underwriting standards and, more recently, the decline in house prices (although this is somewhat endogenous).

The perceived value of ground - floor retail has been a big factor in helping to fan New York's most recent residential construction boom, allowing developers to justify high prices on land and to underwrite big construction loans.

But this number is not set in stone, and it's only one of several factors considered during the application and underwriting process.

However, the introduction of Kindles has been so successful and has been one of the factors that led to an overall improvement in our reading scores that the underwriting company provided the grant again the following year in order to purchase additional ereader units and the ebooks to go with them.

The bank will factor this into their underwriting equation and will respond in one of three ways.

Refinance loans are underwritten traditionally by private banks and lenders; your credit score and income play a big factor in your eligibility for a beneficial refinance loan.

Maybe the best part is that pricing is quite stable because renters insurance in California doesn't factor credit scores into rating or underwriting.

The Annualised Base premium is the sum of premiums payable in a policy year and excludes modal factors and underwriting extra (if applicable).

Rental income on the property being vacated, reduced by the appropriate vacancy factor as determined by the jurisdictional FHA Homeownership Center (see http://www.hud.gov/offices/hsg/sfh/ref/sfh2-21u.cfm) may be considered in the underwriting analysis under the following circumstances:

This includes, but is not limited to; Changed credit scores, change of loan program, denial of the loan by underwriting, delay in your loan closing due to factors beyond our control that goes past the Lock - In period, less then desired appraisal value, etcin your loan closing due to factors beyond our control that goes past the Lock - In period, less then desired appraisal value, etcIn period, less then desired appraisal value, etc..

Closing Costs Guaranteed means that AHC Lending's Processing and Underwriting fees (if applicable) for your loan application will not change between the time your rate is locked and the time you close, assuming the following: No change in your loan amount, property value, property type, occupancy purpose, interest rate, lender credit or discount points, credit rating, any stated items on your application, such as your income, assets, job history, address history, legal residency status, or any other factor that may affect the underwriting decision of the loan you applied for doUnderwriting fees (if applicable) for your loan application will not change between the time your rate is locked and the time you close, assuming the following: No change in your loan amount, property value, property type, occupancy purpose, interest rate, lender credit or discount points, credit rating, any stated items on your application, such as your income, assets, job history, address history, legal residency status, or any other factor that may affect the underwriting decision of the loan you applied for dounderwriting decision of the loan you applied for do not change.

The individualized attention, as opposed to automated underwriting, means that, if your credit score is low, you may still qualify for a loan if you have a good explanation of why your score is low and have compensating factors such as 25 percent or more in home equity or significant cash reserves in the bank that allow the lender to feel confident that you will repay the loan.

This is because credit can't be used as a rating or underwriting factor on renters insurance in California.

One of the big factors lenders look to in underwriting a new loan is the current debt load of the prospective borrower.

Having a co-signer can improve your qualifications in two out of the three key underwriting factors — unless this person is willing to help with the initial security deposit.

In underwriting an application for life insurance, the insurance company considers various risk factors.

Your income and the amount of money you owe will be factored in during the underwriting process.

Every lender has different underwriting guidelines, but they generally consider similar factors, including personal credit score, your time in business and annual revenue.

But lenders have a lot of factors to weigh in deciding whether to use trended data in underwriting for all loans, including how examining the additional data might affect processing time and how much that time expenditure is worth.

(It's important to remember that your credit score is only one factor in the underwriting process.

There are a few factors to consider, and they're all laid out either in the policy or the underwriting standards.

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).

The most important factor in creditworthiness analysis, or underwriting, is your credit score.

Previous guidelines dictated that student loans in deferment would not be factored into the underwriting process.

From a credit perspective and from a banking perspective there are qualification factors in place prior to approving someone for a credit card, but with student loan debt it is quickly granted without much underwriting involved.

Rather than just deny everyone based on one data point they are now considering hundreds of factors in the underwriting decision.

According to Lamont Boyd, insurance underwriting expert at FICO, your credit - based insurance score is derived from a combination of factors in your credit reports and is used to help insurers better determine the likelihood you will file a future claim.

According to FICO, a major company that generates credit - based insurance scores, approximately 95 % of auto insurers and 85 % of homeowners insurers use credit - based insurance scores in states where it is a legally allowed underwriting or risk classification factor.

«About 70 percent of consumers applying for auto insurance are getting better prices today because credit - based insurance scores are used as one of the factors in underwriting.»

Some lenders make a point to factor income in their underwriting process, but regardless, higher income will be helpful.

João Menano, co-founder and CEO of James, a provider of AI - based online lending software to banks (until recently it was called CrowdProcess), pointed out that a lender might not consider age, gender or race in its underwriting now, but machine learning could learn that a data point that correlates with one of those factors is relevant to credit decisions.

FHA credit score requirements are considered very aggressive, but the Direct Endorsed underwriting involved in approving home loans allows for more flexibility because it considers additional and compensating factors.

Don't forget to factor in «service» when shop HARP lenders either because underwriting advice and processing efficiencies can also range drastically as well.

According to agents, many companies in California — including Safeco, Fireman's Fund, Allstate and CSE to name a few — use some type of credit or insurance score as one factor in underwriting new business.

For example... in the opinion of Joanne Doroshow, Executive Director of the Center for Justice and Democracy, «[T] his so - called «crisis» is nothing more than the underwriting cycle of the insurance industry, and driven by the same factors that caused the «crises» in the 1970s and 1980s.

Underwritten on an individual basis, depending on the years practised, areas of law practised, the amount of time since the applicant was in private practice, and other risk - based factors.

Impaired Risk In life insurance underwriting, an impaired risk is an individual who has an unfavorable health condition or history or other factor that makes him or her an above - average risk for coverage.

Simplified Underwriting An underwriting process, generally used in group coverage or insurance for smaller amounts, that uses less strict analysis of risk factors, often requiring no mUnderwriting An underwriting process, generally used in group coverage or insurance for smaller amounts, that uses less strict analysis of risk factors, often requiring no munderwriting process, generally used in group coverage or insurance for smaller amounts, that uses less strict analysis of risk factors, often requiring no medical exam.

Underwriting looks at dozens of different factors regarding your life, and will include (in some cases) taking a medical exam (paid for by the insurance company) as part of this process.

With all of these factors in mind, it may oftentimes make sense to apply for a medically underwritten policy if you think you can qualify.

So if a risk factor shows up while your application is in the underwriting process, such as an odd liver reading on a blood test that might suggest you have hepatitis, you could be denied coverage.

As mentioned above a no exam policy should be considered primarily because of the convenience factor, the speed of completing the underwriting process faster, and to avoid any surprises from your labs from your medical exam particularly if you haven't been to the doctor in a while.

No matter if you reside in Overland Park, Kansas City, Manhattan or another Kansas city your car insurance liability policy will be factored by underwriting and rating.

This is because credit can't be used as a rating or underwriting factor on renters insurance in California.

Robert Passmore, director of personal lines for Property Casualty Insurers Association of America, says that some states set limits on what factors insurers can use in the underwriting process, including marital status and gender.

Aside from underwriting, there are basic factors which go into how much a policy cost, some of which are in your control and others which aren't.

However, because life insurance companies factor into their underwriting decisions and pricing any pre-existing conditions that you may have, you may run into some challenges in finding affordable life insurance coverage.

In an e-mail exchange, a State Farm media representative told me that she was «not able to share with you specific underwriting policies because they are proprietary, however I can tell you that many factors, including the use of medical marijuana, are considered when underwriting a life insurance policy.»