Underwriters are the folks who acces a risk or an insurance application and determine if it meets the Insurance companies underwriting guidelines and capacity for… the coverage selected. (MORE)
In general terms, an underwriter is defined as a person who assesses risks to be covered by an insurance policy or a person (as an individual or company) who under…writes a security issue..
In title insurance terms, the role of the Underwriter is:.
(a) The company insuring and issuing the title coverage ie: Chicago Title, Stewart Title, United General Title, First American, Attorneys Title Insurance Fund, etc. and;.
(b) The person with the local title agency who examines the title searches, county records, etc. in order to create a Title Binder or Title Commitment (intent to insure) for the property..
Title insurance is the only type of insurance that is typically "underwritten" at the local level by the title agency..
Most other types of insurance providers gather information about a car, person or property and then sends that information to a central office for processing and underwriting..
An underwriter can also apply to financial industry as in the bank's underwriter or a securities underwriter. (MORE)
It is the process of reveiwing your application for life insurance and applying the appropriate rating based on your qualifications. The process of evaluating, defining and pr…icing insurance and reinsurance risks including where appropriate the rejection of such risks (MORE)
You need to carefully analyze the Pro and Cons of the subject (Mortgage or Insurance) and recommend a decision whether to approve or reject the application. Require sound know…ledge on the domain that you are dealing with..
You need to carefully analyze the Pro and Cons of the subject (Mortgage or Insurance) and recommend a decision whether to approve or reject the application. Require sound knowledge on the domain that you are dealing with. (MORE)
A mortgage lender or broker who approves or turns down loan applications based upon the quality of the real property, credit-worthiness and ability to pay according to the gui…delines of the lender with regard to ratio of mortgage loan to value of property. (MORE)
Underwriting refers tothe process by which investment banks raise investment capitalfrom investors on behalf of corporations and governments that areissuing securities (bot…h equity and debt capital ). The services of anunderwriter are typically used during a publicoffering . This is a way of a newly issued security, such as stocks or bonds,to investors. A syndicate of banks (the lead managers) underwritesthe transaction, which means they have taken on the risk ofdistributing the securities. Should they not be able to find enoughinvestors, they will have to hold some securities themselves.Underwriters make their income from the price difference (the" underwriting spread ") between the pricethey pay the issuer and what they collect from investors or frombroker-dealers who buy portions of the offering. (MORE)
In the area of insurance, an underwriter is a professional, usually employed by an insurance company, who makes determinations about whether a risk meets the criteria for insu…rance under a given form of policy. In other financial arenas, underwriters perform similar functions related to financial investments, such as mortgages. (MORE)