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Brokers and Correspondent Lenders fund loans using A. Their own funds B. Deposited funds C. Warehouse lines of credit D. Conduits The process by which
- Brokers and Correspondent Lenders fund loans using A. Their own funds B. Deposited funds C. Warehouse lines of credit D. Conduits
- The process by which a lender evaluates a loan to determine its creditworthiness, capacity to repay and collateral is called A. Processing B. Underwriting C. Closing D. Evaluating
- Points that are paid to a mortgage originator as fee for their middleman service are called A. Discount points B. Funding points C. Processing points D. Origination points
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