The advantage of a web site offering mortgage loans is:
A) an individual can obtain a mortgage loan without paying for or dealing with an agent or loan officer
B) the availability of loans is very limited
C) the cost is generally higher than with regular channels
D) it is a time consuming procedure as careful analysis is needed.
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
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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