Sentence examples for underwriting system from inspiring English sources

Suddenly, instead of filling out paperwork for a loan officer to send off to an underwriter, the person applying is inputting the data directly into the underwriting system.

One is the Comprehensive Loss Underwriting Exchange (CLUE), and the other is the Automated Property Loss Underwriting System (A-PLUS).

The current underwriting system works, but only if you are a larger issuer or in a hot market.

By mid-2004, Countrywide Financial, a major subprime lender, had used MindBox's automated underwriting system to double the number of loans it made, to 150,000 monthly.

"There is no basis for saying the whole capital underwriting system is deeply flawed," said James Spellman, a spokesman for the Securities Industry Association, a trade group.

This might have been in recognition that its underwriting system was being gamed by repeated efforts to gain a loan approval.

Another virtue of automated underwriting systems is their flexibility.

Now, because of automated underwriting systems, there is no "one size fits all" formula for mortgages.

Bank executives said they may use Countrywide's underwriting systems and are considering its brand name.

Even five years ago, there were more than a half-dozen automated underwriting systems that banks commonly used in originating mortgages.

In retirement, spent at the Guildhall in Eye, Suffolk, Buxton served as chairman of Room Underwriting Systems, a software provider for the Lloyd's insurance market.