Countless times in the last century, this underwriter
was introduced as an emissary of "The Sales Prevention Department," that sand trap between sale and reward, the pitiless unraveler of best-laid dreams of President's Club cruises.
If the underwriter
can't get records, depending on the medical history at hand, the application could be postponed until the client gets a complete medical exam.
All of this information is readily available to underwriters
, even on motor vehicles reports that used to be batch processed, which delayed the underwriter
and often ended up [causing] the underwriting window of opportunity to disappear--the first 60 days in many states," said Webster.
Don't count on actually meeting or talking to an underwriter
Thus, when negotiating with the underwriter
, you're aware of where you have flexibility and where to stand firm.
If insurance to value is neglected, your camp insurance underwriter
might be unwilling to provide you with certain coverages or considerations such as agreed value endorsements or replacement cost coverage.
It includes some of the critical components lenders need to begin using Desktop Underwriter
: one or more laptop or desktop computers; access to MORNETPIus, Fannie Mae's private, secure, value-added network; Desktop Underwriter
software; and Calyx Software's POINT for Windows loan origination software.
The property was new construction, so the underwriter
conditioned for HUD form 92541-A, "Agreement to Execute a Builder's Warranty of Completion of Construction.
An agent in a medium-term note program is not a named underwriter
with a due diligence defense and has to provide an attorney's opinion or the representation letter described above.
MORGAN KEEGAN IS A LEADING UNDERWRITER
IN ARKANSAS AND SOUTH CENTRAL UNITED STATES IN THIRD QUARTER 2006
Any D&O underwriter
will review information presented against pre-established criteria.
Due to the frequent absence of good information, the underwriter
must make certain assumptions to arrive at a bid and exit strategy.