Mortgage Glossary (U)
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Underwriting: In mortgage lending, the process of evaluating a loan application to determine the risk involved for the lender. Underwriting involves an analysis of the borrowers creditworthiness, ability to repay the loan, and the value of the property securing the loan.Unsecured Loan: A loan that is not backed by collateral.
Unmortgagable: a property that a lender is not willing to place a mortgage on due to results from a property survey, zoning, valuation issues, and issues with title.