It is now believed that Munch was inspired by a mummy that he had seen at an exhibition in Paris. The artist used the mummy as a way to recreate the feelings of fear and dread that he felt when the sky turned red.
Underwriting Fee. The compensation that an underwriter receives for placing a new issue with investors. It is calculated as a discount from the price of the new issue. For example, an issuer may sell the underwriter a bond at $990 per bond. The underwriter will then place the issue at $1,000, allowing it to make a $10 profit. This profit is the underwriting fee. It is also called a concession.
An underwriter who is conducting an underwrite, especially a manual underwrite, has to take a calculated risk and do his best to determine if a file adheres to not just the letter but the intent of the loan program guidelines. If he is wrong and the loan defaults, it can result in a hefty cost to the lender.hey make sure that all of the tax, title, insurance and closing documentation is in place. Underwriters also review the appraisal to make sure it is accurate and thorough, so that the home is truly worth at least the purchase price. The underwriter has final approval and final responsibility for the loan.