Which of the following is true of loans made on the Internet?
A) They are always higher cost mortgage loans
B) There is no opportunity for sham operators to take advantage of consumers
C) A user must travel to find an Internet outlet
D) A seeker of a loan can maintain limited anonymity while asking for information
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
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,
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