Underwriting as a method of estimating solvency of the borrower
Authors
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Kurguzkin A.D.
Vladivostok State University of Economics and Service
Vladivostok. Russia -
Prosalova V.S.
Vladivostok State University of Economics and Service
Vladivostok. Russia
Abstract
During the financial crisis in our country has increased the number of loan defaults in mortgage lending. One way to solve this problem is to conduct a qualitative assessment of the solvency of the borrower, which plays an important role in the banking business as well as conducting underwriting allows credit institutions with high quality and reliable estimate of potential borrowers, and thus minimize the risk of default on the loan.
Keywords: underwriting, customer creditworthiness, mortgage lending, mortgage program.
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