Jerry LeGere,a loan officer with First National Bank,checks to see if the house pledged to back up a home mortgage has a clear title and proper insurance.What step in the lending process is Jerry performing?
A) Finding prospective customers
B) Evaluating a customer's character and sincerity
C) Making a site visit and evaluating a customer's credit history
D) Evaluating a prospective customer's financial condition
E) Assessing possible collateral and signing the loan agreement
Correct Answer:
Verified
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