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Underwriting terminology

Author: demarco mel
Description: Match the common underwriting terminology to its meaning. You have 5 minutes to complete this activity.
Keywords: , , , , , , online teaching

Content:
Definitions:
0. API
1. 6%25 loader
2. 5%25 loader
3. Approved status
4. LVR
5. Premium
6. In_Progress status
7. 3%25 loader
8. 20%25 discount
9. 10%25 loader
10. Cancelled status
11. 15%25 loader
12. Servicability
13. NDI
14. Variation
15. In_force status

Answers:
0. Investment loan purpose
1. Staff loans
2. A change made to an existing policy
3. Self employed loader
4. Loan term between 30-35 years
5. Premium has been paid on the policy
6. Loan term between 35-40 years
7. Loan to Value Ratio
8. A policy that has been cancelled
9. The capacity to service the loan
10. A policy that has not been finalised
11. Australian Property Institute
12. The payment allocated for mortgage insurance
13. External refinance
14. An approved policy awaiting premium payment
15. Net Disposible Income
.