DEFINITION
Underwriting is the process a lender uses to evaluate risk and decide whether to approve a loan and on what terms.
Underwriters review bank statements, credit, time in business, existing debt, and the purpose of the loan.
GLOSSARY
Underwriting is the process a lender uses to evaluate risk and decide whether to approve a loan and on what terms.
Underwriters review bank statements, credit, time in business, existing debt, and the purpose of the loan.