Underwriting
The process of evaluating a loan application, borrower, collateral and program requirements.
HELOC EXPERT GLOSSARY
Terms Starting with U
Plain-English definitions for HELOCs, home equity loans, refinancing, DSCR, VA lending, underwriting, credit, title and closing.
U
Terms Starting with U
Each letter has its own permanent glossary page for easier browsing and linking.
Undrawn Line
The unused portion of an approved revolving credit limit.
Unit Mix
The composition of units in a multifamily property, such as studios, one-bedroom and two-bedroom units.
Unpaid Principal Balance (UPB)
The amount of loan principal still outstanding, excluding future interest and certain fees.