The Glossary Mortgage Terminology
Del Financial's Glossary consists of the more commonly used definitions, meanings, and descriptions used within the mortgage and real estate industry. As always, if you have any questions, please call us at (800) 469-5861.
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- Underwriting
- a process a lender uses to determine if the risk of lending to a particular borrower under certain parameters is acceptable. During the underwriting process, underwriters consider the credit, capacity, collateral, and character of the borrower.
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