Underwriting.

Underwriting.

LOAN-TO-VALUE RATI0 — The percentage of a property’s value that a lender can or may loan to a value to a borrower. MAI — Member of the Appraisal Institute. Designates a person who is a member of the American Institute of Real Estate Appraisers. value of the property. MARGINAL LAND — Land which barely pays the cost of working or using. MARKET DATA APPROACH — One of the three methods in the appraisal process. A means of comparing similar type properties, which have recently sold, to the subject property. Commonly used in comparing