Prospective Borrowers Often Submit Loan Requests Directly to Lenders

Multiple Choice

Prospective borrowers often submit loan requests directly to lenders. However, commercial loan requests can also be submitted through another channel in which a permanent lender agrees to purchase loans or consider loan requests from a mortgage banker or broker. This type of business relationship is more commonly referred to as a(n) :

A) installment sale
B) joint venture
C) correspondent relationship
D) sale-leaseback