The underwriter can require anything they wish.
"Required" could be a verb or an adjective. For instance, to use it as a verb, you could say, "You required him to clean his room." To use it as an adjective, you could say, "This is a required test."
The abstract noun forms for the verb to require are requirement and the gerund, requiring.
Typically, one cosigner is required on a mortgage, but some lenders may require more depending on the borrower's financial situation.
FHA Loans is the one who required mortgage insurance as in protection to the banks and lenders. While in conventional loan, PMI or private mortgage insurance is required for those borrowers with less than 20% equity.
It take several years to become an underwirter. Underwriter require high energy levels and strong communication and negotiation skills. I dont believe that you can work at home as an underwriter.
Typically, lenders require at least two years of steady employment to qualify for a mortgage.
I require a pair of sandals.
Ga. first required motorcycle licenses in 1977. The first day they were required I took the test and got mine. They did not require insurance, though.
Virtually always. Any reputable company holding a mortgage on your house will require you to have homeowner's insurance, at least to the value of the mortgage. The only exception is for a mortgagee with sufficient assets to self-insure.
Most lenders do not require the promissory note to be notarized. The deed of trust, however, is usually required to be notarized.
Unless you've totally paid off your house, mortgage companies will generally require you to have a homeowners policy.
Yes, the word requiring is a verb, the present participle of the verb to require (requires, requiring, required). The present participle of the verb is also a gerund, a verbal noun. Examples: Verb: This course has a prerequisite requiring a credit in psychology. Noun: We don't believe in requiring after hours work.