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The secret world of a credit underwriter
Mike_St_Helens
Posts: 3,414 Forumite
Hi guys... Hope you are all well and looking forward to the new year! I am... :beer:
Remember my Ex Analyst thread - Just been having a mull over it and its that big now its lost control.
So I thought Id start again.....
If anyone has any CREDIT underwriting questions, I have many years of experience and still follow the profession. I have formal qualifications in financial services and specialise in unsecured credit.
Please fire away, Ill try keep on top of things... Also if anyone else reads a question, and indeed feels that they can explain better than me, or Im wrong even.. please post as the clearer this thread for the 'questionees' the better !
Lets go guys.......
Mike
Remember my Ex Analyst thread - Just been having a mull over it and its that big now its lost control.
So I thought Id start again.....If anyone has any CREDIT underwriting questions, I have many years of experience and still follow the profession. I have formal qualifications in financial services and specialise in unsecured credit.
Please fire away, Ill try keep on top of things... Also if anyone else reads a question, and indeed feels that they can explain better than me, or Im wrong even.. please post as the clearer this thread for the 'questionees' the better !
Lets go guys.......
Mike
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Will try to help out mike, given i still work in same hole you used to .....No Longer works for MBNA as of August 2010 - redundancy money will be nice though.
Proud to be a Friend of Niddy.
no idea what my nerdnumber is - i am now officially nerd 229, no idea on my debt free date0 -
What's credit underwriting? LOL!Total 'Failed Business' Debt £29,043
Que sera, sera.
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oscar52 wrote:Will try to help out mike, given i still work in same hole you used to .....
Cool TY. You work in the credit dept ?0 -
Hi Mike,
which lender do you work for, they all have different criteria don't they? Or is it standard underwriting accross the board?0 -
It would be interesting just to understand the process. What info you get to go on and how you use it to come to a decision.Debt as at 12th July 2006 - £61,345 :eek: :eek: :eek:
Debt free 21st Oct 2011.
All thanks to :money:0 -
used to mike - now in ETML - I type in peoples BT's !No Longer works for MBNA as of August 2010 - redundancy money will be nice though.
Proud to be a Friend of Niddy.
no idea what my nerdnumber is - i am now officially nerd 229, no idea on my debt free date0 -
Ooooooh position of power eh? lol.Mike_St_Helens wrote:Saying yes or no to credit applicationsTotal 'Failed Business' Debt £29,043
Que sera, sera.
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James - depends on lender, but nearly all use voters roll, credit history, current commitments, current lending against your salary, how long at address, (some) time in employment, are you paying on time. Just a few, but probably the most important onesNo Longer works for MBNA as of August 2010 - redundancy money will be nice though.
Proud to be a Friend of Niddy.
no idea what my nerdnumber is - i am now officially nerd 229, no idea on my debt free date0 -
Any idea how long lender's keep signed credit agreements?0
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