Sentences with phrase «underwriting purposes because»

Michaluk identifies that a legal obligation to seek consent may preclude the effective use of social media for underwriting purposes because social media information can be readily manipulated by users.

Not exact matches

It turns out that because the borrower works for a family member, and the borrower is applying for a Fannie Mae loan that for underwriting purposes the income needs to be averaged over the past 24 months and the allowable income is only an average of $ 3,500 / mo..

The court also rejected the defendant's use of the 1976 amendment to the policy and the parol evidence rule to demonstrate an underwriting purpose for the disputed terms to avoid the stacking of income benefits, because the benefits were for impairments to the activities in daily living and not income replacement alone,

This is because many of the final expense policies on the market today do not require an applicant to undergo a medical exam for underwriting purposes.

Because Montegra underwrites asset - based loans that are secured by the collateral property, it is possible for borrowers to «cash out» the equity in a property (regardless of whether it is vacant or developed) and put those proceeds toward another purpose besides the improvement of that property.