One issue looms--the capacity of the underwriter
to embrace, adapt to and ultimately flourish in the new role.
Dan Velazquez is senior underwriter
, Great American Life of Puerto Rico.
Technology's done it again, and this time it has underwriters
are necessary to ensure the accuracy of the information in a loan application and objectively determine a borrower's classification for a particular loan program," says Brad German, director of public relations for Freddie Mac, a stockholder-owned corporation that buys mortgages from lenders.
seeking to gain a better understanding of potential liability exposures of directors and officers are focusing attention on corporate governance matters.
If you talk with some underwriters
, they point out that this goal can lead to some policyholders understating their values to keep costs down.
is one of the mortgage industry's leading automated underwriting systems.
One East Coast conventional loan underwriter
offers a glaring example of this.
An increased volume of public offerings means clients may ask CPAs to provide letters to underwriters
(often referred to as comfort letters).
The reality for D&O underwriters
, probably today more than ever, is they must apply extreme diligence and attention to detail when evaluating these requests.
OREO Marketing: The underwriter
must consider, evaluate and budget all outside contractors and vendors currently or prospectively providing services pertaining to the asset under review.