The best explanation of computerized loan origination is:
A) a loan application can be analyzed by computer and approved if justified
B) information on a loan application can be stored for future use
C) loan information can be transmitted via computer to an underwriter for analysis
D) the computer lists all information required for loan analysis
Correct Answer:
Verified
Q1: An automated underwriting system is one that:
A)
Q2: Mortgage loan origination software must increasingly be
Q3: An ownership interest of one percent or
Q4: Which of the following is true about
Q6: The advantage of a web site offering
Q7: Which of the following is NOT a
Q8: Even though greatly diminished in market share
Q9: Freddie Mac offers an "expedited" collateral assessment
Q10: Fannie Mae offers two automated underwriting programs,
Q11: Which of the following is true of
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