An automated underwriting system is one that:
A) automatically takes a loan application
B) can only transmit loan information for automatic analysis by a human underwriter
C) can analyze any loan without special software
D) allows a computer with proper software to analyze a loan application and grant approval if justified
Correct Answer:
Verified
Q2: Mortgage loan origination software must increasingly be
Q3: An ownership interest of one percent or
Q4: Which of the following is true about
Q5: The best explanation of computerized loan origination
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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