Underwriting & Metrics Inquiries Records of credit checks — too many in a short window can lower scores.
Underwriting & Metrics Layered Risk Loans with multiple high-risk factors (low credit, high LTV, low reserves) requiring extra scrutiny.
Underwriting & Metrics Liquid Assets Assets quickly convertible to cash — bank accounts, money market, brokerage.
Underwriting & Metrics Loan Estimate Comparison Reviewing multiple lender estimates side-by-side to choose the best terms.
Underwriting & Metrics Loan-to-Value (LTV) The loan amount expressed as a percentage of the property’s appraised value.
Underwriting & Metrics Manual Underwriting Human review of a loan file, often used for complex or non-standard situations.
Underwriting & Metrics Net Worth Statement A summary of a borrower’s total assets minus total liabilities.
Underwriting & Metrics Automated Underwriting Software-driven loan evaluation systems like Fannie Mae’s DU and Freddie Mac’s LPA.
Underwriting & Metrics Capital (Underwriting) A borrower’s savings or assets available beyond what’s needed for a transaction.
Underwriting & Metrics Character (Underwriting) A borrower’s credit history and reputation for repaying obligations.
Underwriting & Metrics Clear to Close (CTC) Final underwriter approval — all conditions met, ready to schedule closing.
Underwriting & Metrics Collateral An asset pledged as security for a loan, which the lender can seize on default.
