Underwriting Factors

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(4) Compliance with the ATR Rules: All of the mortgage loans, except for the business-purpose investor loans, were underwritten in accordance with the eight underwriting factors of the ATR rules.
The insurer, after evaluating the risks during the evaluation period, consequently, may deny or defer the application of person with HIV 'when presented with comorbidities, medical conditions or other risk factors, not on the basis of their being positive for HIV but on the basis of such comorbidity, medical condition or other risk factor which by itself alone [i.e., even without being HIV positive] would lead to the same underwriting decision based on the insurer's underwriting guidelines.'Meaning, an application may be denied not because of the HIV but because of other underwriting factors normally considered if the applicant did not have HIV.
Zaremski estimates Progressive has telematics data on approximately 25% of its customers, and expects this number to more than double in the coming 24 months, which will enable Progressive to further refine its underwriting factors to price risk more accurately and continue attracting the industry's best risks.
Additional Notes: Fairway will have the ability to issue additional notes in the future subject to underwriting factors that include but are not limited to the following: the pro forma IO DSCR after such issuance is no less than 2.00x, the issuer pro forma leverage multiple is no greater than 5.1x and 7.1x for class A notes and class B notes, respectively, and ratings confirmation.
How does your company stay in front of these changes in terms of capturing new underwriting factors or developing new products?
The homeowners' industry learned that one of the most important underwriting factors, the resident owner, was missing from their pricing and underwriting process.
Limiting underwriting factors can penalize drivers and drive up the cost of insurance for everyone.
Creditors must consider eight underwriting factors when verifying a consumer's ability to repay, including the consumer's current or reasonably expected income or assets, employment status, credit history and other obligations such as loans secured by the same property; costs related to the property (such as taxes and insurance); and other debts such as alimony and child-support obligations.
Mills says if the courts allow the use of the disparate impact standard, "insurers may well be forced to re-evaluate valuable underwriting factors used to offer or price insurance despite their predictive accuracy."
Under the proposal, creditors can meet the general ability-to-repay standard by considering and verifying specified underwriting factors, such as the consumer's income or assets.
Simplify processes: When billing and claims information is added to the underwriting desktop, additional underwriting factors are introduced.