Multiple Choice
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
Correct Answer:
Verified
Q2: The best explanation of computerized loan origination
Q3: Which of the following is true of
Q4: Which of the following is NOT a
Q5: The advantage of a web site offering
Q6: Freddie Mac offers an "expedited" collateral assessment
Q7: Even though greatly diminished in market share
Q8: An ownership interest of one percent or
Q9: Which of the following is true about
Q10: Mortgage loan origination software must increasingly be
Q11: Fannie Mae offers two automated underwriting programs,