Sentences with phrase «underwriting standards based»
Every insurance company is different, which means that all of the companies are going to have different medical underwriting standards based on their restrictions.
https://www.chooseterm.com/ Not exact matches
Compared with standard commercial loan products, the underwriting examines cash flow closely as a basis for approvals and decisions on loan rates.
«Investors and originators alike tend to use the 2001 - 2003 mortgage origination vintages to establish underwriting standards and to benchmark base case default expectations on newly originated loans.
Based on current underwriting standards, you can even get renters insurance with an open Chapter 13 or Chapter 7 bankruptcy in California.
A couple bucks a month buys personal property coverage up to $ 50,000 or more, based on underwriting standards, as well as significant liability protection.
They may vary among insurance companies based on underwriting standards and credits offered by individual insurers.
If you're not sure what you can afford for a monthly payment, you can calculate a monthly payment based on standard underwriting guidelines, which allow a maximum of 28 % of your gross income for housing expenses.
However, you must qualify for the mortgage based on traditional underwriting standards.
FHA will also charge mortgage insurance premiums based on the individual risk of each loan, using traditional underwriting standards, so it can expand access and help even more families.»
Standard In life insurance, an underwriting classification for coverage written on a basis of the regular mortality and underwriting assumptions used by an insurer.
Health Class — your health class is the category of risk that you fall under based on the underwriting, usually ranging from preferred plus to standard, with table ratings for high risk cases.
Based on current underwriting standards, you can even get renters insurance with an open Chapter 13 or Chapter 7 bankruptcy in California.
These ratings are typically determined by underwriting tables that are based on your overall health and health history scores, and fall under categories that may include: super select, preferred, standard select, standard, and so on down the line.
An applicant rated as «substandard risk» is commonly in poor health, has already manifested a preexisting condition that is beyond the standard risk classification (based on the underwriting review), or might engage in a dangerous hobby or occupation.
Base rates vary by class code and the insurance company's underwriting standards.
They may vary among insurance companies based on underwriting standards and credits offered by individual insurers.
K Krishnamoorthy, head of underwriting, Bajaj Allianz General Insurance, explains, «With the detariffing that has happened in fire, engineering, motor and workmens» compensation segments, it will help the insurer to price a risk based on the risk exposure instead of quoting a standard price without much relevance to the relative risk exposures.»
Assisted the senior underwriters by collecting information about the applicants and evaluated them based on the standard underwriting strategies and scope.
NAR and those who share its perspective argue that the definition of a QRM is based on loan features and underwriting standards that have historically demonstrated a low risk of default, including loans with sound underwriting, and documentation of income and assets.
Four - year - old SoFi underwrites mortgages based on a person's free cash flow, rather than debt - to - income ratio, the industry standard.
Aided by limited supply and the market perception that risk retention encourages conservative underwriting standards owed to a stronger credit pool, conduit spreads for 10 - year AAA bonds have fallen between 91 and 110 basis points.
Banks and institutional lenders were unwilling to fund a loan to tear - down the existing house but Montegra, with its asset - based underwriting standards, was able to close the loan for the borrower.
Based on national mortgage underwriting standards and incorporating the latest income distribution data from the American Community Survey and the U.S. Department of Housing and Urban Development, the report contains detailed results for more than 300 metro areas.
Accordingly, the creditor must quote the amount of the lender's title insurance coverage pursuant to § 1026.37 (f)(2) or (3) as applicable based on the type of lender's title insurance policy required by its underwriting standards for that loan.