Loan Underwriting
/ˈloʊn ˌʌndərˌraɪtɪŋ/
Definitions
- (n.) The process of evaluating, verifying, and approving a borrower's loan application to assess creditworthiness and risk.
The bank's loan underwriting department rejected the application due to insufficient credit history.
Forms
- loan underwriting
Related terms
See also
Commentary
Loan underwriting is a critical risk-management phase requiring thorough documentation and adherence to regulatory standards to mitigate lender exposure.
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