Underwritten progress bar

gusgorilla

Posts: 119

Likes: 26

Underwritten progress bar Jan 13, 2016 17:45:35 GMT

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Post by gusgorilla on Jan 13, 2016 17:45:35 GMT

What does the "Underwritten" progress bar mean on a new loan and what is its purpose from an investor's POV? I'm looking at the portfolio of prime borrower top-up mortgage loans. Given the rate and LTV I don't fancy it much but wonder if this is because I have misunderstood how the word "underwriting" is being used in this context. Does it indicates insurance against the loans going bad?

I'm new to ABLRate so please forgive me if I have missed something on the site somewhere or am being naive.

alanp
Member of DD Central

Posts: 168

Likes: 72

Underwritten progress bar Jan 13, 2016 17:59:25 GMT ablrateandy likes this

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Post by alanp on Jan 13, 2016 17:59:25 GMT

Loan has been funded upfront and it is now being offered, in small parcels, to ABL investors. The level of ABL investor funds put in to date is shown below the progress bars under "invested".

Does not imply any insurance aspect.

ablrateandy Representative of Ablrate Posts: 935 Likes: 561	Underwritten progress bar Jan 13, 2016 18:21:00 GMT via mobile Quote Select Post Deselect Post Link to Post Back to Top Post by ablrateandy on Jan 13, 2016 18:21:00 GMT Thanks alanp . Some loans are guaranteed to get done. In this case, the borrower has a series of investors already in place at the rate. Ablrate contribution is additional.

Post by gusgorilla on Jan 13, 2016 17:45:35 GMT

Post by alanp on Jan 13, 2016 17:59:25 GMT

Post by ablrateandy on Jan 13, 2016 18:21:00 GMT