Glossary | Funding

GLOSSARY

Glossary

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There are 2 Terms in this directory beginning with the letter U.
Underwrite
Underwriting is a process whereby an underwriter will ensure your profile as a borrower matches the lenders criteria. The main purpose of it is to asses a borrower’s risk. The process is based on the 3 C’s: Credit, Capacity and Collateral.

Unsecured Lending
Unsecured Lending is when a loan is issued and supported by only the borrower’s creditworthiness, as oppose to a type of collateral. They are also known as personal or signature loans. An example of unsecured lending could be pay day loans.