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Vitthub
Glossary term

Underwriting

Lender/insurer risk assessment

🌍 UniversalReviewed Plain-English
Definition

What is Underwriting?

Underwriting is the process by which a lender or insurer evaluates an application. For loans: income verification, credit check, property appraisal. For insurance: health history, lifestyle factors. Determines whether you're approved and at what rate.

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