Underwriter - An employee of a mortgage banking company or lending institution, who reviews a loan application, verifies all information is accurate and makes a recommendation to a loan committee as to the desirability and risk of making the loan. The underwriting process is an critical part of the overall lending process.
Underwriting Criteria - In mortgage banking, the analysis of the risk involved in making a mortgage loan to determine whether the risk is acceptable to the lender. Underwriting involves the evaluation of the property as outlined in the appraisal report and of the borrower's ability and willingness to repay the loan.
Unlawful Detainer Action - (Eviction): a legal action to remove someone who has unjustly retained possession of real property after one's right to possess has terminated.
Usable Square Feet - Denotes the number of square feet in a commercial building or suite deemed to be usable by BOMA.
U.S. Treasuries - Only treasuries with an original term of 30 years are Bonds. All treasuries with original terms of 2-10 years are Notes. Everything shorter than two years are Bills.