Product risk

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Product risk

A type of mortgage pipeline risk that occurs when a lender has an unusual loan in production or inventory but does not have a sale commitment at a prearranged price.

Product Risk

The risk that a mortgage bank will arrange a complex or otherwise unusual mortgage with no guarantee that the borrower will actually accept the terms of the agreement.
References in periodicals archive ?
Product risks and uncertainties include, but are not limited to, completion and discontinuation of clinical trials; obtaining regulatory approvals; claims and concerns about product safety and efficacy; technological advances; adverse outcome of important litigation; domestic and foreign healthcare reforms and changes of laws and regulations.
Control Risks Names Cahill Director of Product Risks in Texas
If strictly enforced, this should reduce retail investor participation in riskier products, increase overall investor awareness of product risks and limit moral hazards.
Boeing, which has studied retrofitting used wide-bodies for over a decade, is considering the new product as it could expand its catalog of freighters and fuel sales at a new global services division, which is aiming to triple its $15B in annual revenue over the next 10 years, however the product risks cannibalizing sales of new jets at more than double the price.
The challenge of keeping exclusions for microinsurance policies minimal whilst at the same time using exclusions to manage product risks during the product approval process.
The authors have organized the nine chapters that make up the main bulk of their text in three parts devoted to liability for manufacturing defects, liability for generic product risks, and special problem areas in product liability.
(13) The rationale for this choice is that often firms that are aware of product risks will also be aware that those risks are not known (i.e., are underestimated) by consumers.
Specifically, he will be responsible for identifying regulatory, enterprise, operating, business and product risks and developing and executing appropriate mitigation strategies and controls.
Panel A shows that: (1) the principal risk faced by P-L insurers came from insurance policies sold (i.e., product risks); (2) on average, capital ratios and product risks experienced a decreasing trend whereas asset risks showed an increasing pattern over the sample period; and (3) most P-L insurers were well capitalized (31) but their RBC ratios exhibit considerable variation.
Adoption of IEC 62304 by medical device developers can provide a significant marketplace differentiator as well as a framework for effectively applying development resources while minimizing realization costs and product risks. While TEC 62304 defines a more explicit set of software development process requirements over previous medical device process standards and guidance, it also provides an approach for safety segregation of architectural components that ensures the appropriate application of process rigor.
The foregoing analysis of design incentives applies to the case in which the consumer is unaware of the product risks. If consumers are aware of the product risks, then the producer will never have an incentive to choose a design for which the incremental risk exceeds the incremental utility, when there is a safer feasible alternative.
The economic capital assignment process involves all levels of a credit union, from the board and executive team to product management staff, who can give a better picture of product risks from a frontline perspective.
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