Sentence examples for stringent underwriting from inspiring English sources
The phrase "stringent underwriting" is correct and usable in written English.
It can be used in the context of finance or insurance to describe a strict and thorough evaluation process for assessing risk before approving loans or insurance policies. Example: "The bank's stringent underwriting process ensures that only qualified applicants receive loans, minimizing the risk of default."
"But we have pretty stringent underwriting standards.
"Part of the big push to expand homeownership has been to adopt less stringent underwriting criteria," said George W. McCarthy, a housing economist at the Ford Foundation.
Bob Seiwert, of the Center for Commercial Lending and Business Banking at the American Bankers Association, says "stringent underwriting standards" will require as much work as larger loans, making these even less economical.
"Although interest rates are low, for would-be buyers of condominiums, the banks have such stringent underwriting standards that they are often frozen out and forced to keep renting," said Adam Ginsburg, a co-chairman of GDC Properties, which recently developed 220 Water Street, a rental in Dumbo.
But such loans are hard to get, limited in amount and hampered by stringent underwriting rules.
About 1 out of 10 health insurers uses more stringent underwriting practices for people who only apply for supplementary insurance.
Before reform, they were forced to remain in unsatisfactory plans because they could no longer pass stringent medical underwriting requirements.
The company also will introduce what Mr. Zabel called "enhanced underwriting," or more stringent qualifying standards, including blood testing to check for nicotine, drugs and markers of cardiovascular disease for all new applicants, regardless of gender or marital status.
Its triple-A.. ratings rest on disciplined underwriting standards and stringent expense management.
The Sandlers paid rigorous attention to underwriting.
AARP said its underwriting practices would be less stringent than those of many commercial insurers, but it reserved the right to deny coverage to some sick people ages 50 to 64.
