Understanding the Underwriting Techniques: The five Cs away from Credit
Saturday, September 7th, 2024What is underwriting and you can precisely what does it relate to loan recognition? We dive into the 5 C’s out of Borrowing from the bank as well as how they may apply at their recognition and you may financing conditions.
- Character
- Criteria
- Funding
- Ability
- Collateral
The fresh Underwriting Process of a loan application
Once you’ve filed what you for a financial loan application, all the information and you will documents is delivered to a credit expert to own underwriting, otherwise credit studies, prior to an approval decision can be made. (more…)
