Please select the first letter in the dictionary.
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Underwriter - (1) An insurance company that issues insurance policies to the public or to another insurer. (2) Underwriting department of a lending institution that analyzes the risk and the settling of an appropriate rate and term for a mortgage on a property for borrowers.

Underwriting - The decision whether to make a loan to a potential home buyer based on credit, employment, assets, and other factors and the matching of this risk to an appropriate rate and term or loan amount.

Underwriting Fee - A one-time fee charged by the lender to analyze the loan application and supporting documentation to determine whether the loan will meet the lender's standards.

Unencumbered Property - Property that is free and clear of assessments, liens, easements, and exceptions of all kinds.

Unsecured Loan - Funds that have been extended with no pledge of collateral, or funds for which the value of the collateral is less than the loaned amount, or funds for which the security is not physically controlled by the lender for the full term of the loan.