1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
kramer
3 years ago
5

Make a list of some typical documentation you would request from a loan applicant and/or the verifications you would perform?

Business
1 answer:
Fudgin [204]3 years ago
3 0

Answer:

a. Items that are important to double check before submitting a loan application to underwriting:

  • Personal ID Documents
  • Proof of Income
  • Personal Credit Bureau Report

b. Things you would be sure to tell a borrower in preparation for closing:

  • Proof of Property Ownership or Guarantee Pledge
  • Contact details of 2-3 relatives or guarantors

c. Calculations that are typically used during the course of a mortgage loan transaction:

  • Loan to Value ratio
  • Debt to Income ratio
  • House expense ratio

Explanation:

You might be interested in
Recently, some executives for highway construction companies agreed to stop competing with each other on price and to meet every
Likurg_2 [28]
I got to think about this again. Come back later! X-322.22
4 0
3 years ago
What sorts of marketing metrics would be most helpful for a brand manager of a frozen yogurt chain?
borishaifa [10]
<span>In this case the manager can study the sales and profits of the company over a particular period of time. This will enables the manager to understand where there is a actual deficiency so that the manager can work upon on that. Also the manager needs to take into consideration, the pricing policy as the industry is very competitive.</span>
6 0
3 years ago
A company purchased factory equipment on April 1, 2022 for $69600. It is estimated that the equipment will have a $12000 salvage
goldfiish [28.3K]

Answer:

$4,320

Explanation:

Calculation for the amount to be recorded as depreciation expense at December 31, 2022

Using this formula

Depreciation expense at December 31, 2022=[(Factory equipment - Salvage value) ÷ 10]× 9/12

Let plug in the formula

Depreciation expense at December 31, 2022=[($69,600 - $12,000) ÷ 10] × 9/12

Depreciation expense at December 31, 2022=$5,760×9/12

Depreciation expense at December 31, 2022=$4,320

Note that 1 April 2022 to 31st December 2022 will give us 9months

Therefore Using the straight-line method of depreciation, the amount to be recorded as depreciation expense at December 31, 2022 is:$4,320

3 0
3 years ago
The current yield on a bond is equal to A. annual interest divided by the par value. B. the yield to maturity. C. the internal r
lisov135 [29]

Answer:

<em>The answer to your question is</em> <em>A. annual interest divided by the par value.</em>

Explanation:

<u><em>I hope this helps and have a good day!</em></u>

6 0
2 years ago
If the incentive to take advantage of a conflict of interest is high Question 3 options: A) removing the economies of scope that
GuDViN [60]

Answer:

The correct answer is letter "D": the costs of non-action in removing the conflict will always be higher than the cost of removing the conflict.

Explanation:

Conflicts of interest arise in organizations when the personal interest of a representative contrasts the interest of the company typically resulting in an unethical action. An example of a conflict of interest is influencing the recruitment of an applicant because the representative knows that person.

<em>In case the cost of conflict is high, even higher will be the cost of non-action in removing the conflict since it will be detrimental for the company's interest over the long run.</em>

5 0
3 years ago
Other questions:
  • What are two careers in animal sciences? What does each do?
    8·2 answers
  • What is a reason that governmental accounting is different from business accounting?
    13·1 answer
  • A farmer grows wheat and sells it to a miller for $1; the miller turns the wheat into flour and sells it to a baker for $3; the
    9·1 answer
  • A scrum team is only allowed to meet with stakeholders during sprint review
    5·1 answer
  • can someone check how many ti i k t o k followers i have alexaasalvatore if u actually searh it ill give brainiest
    14·1 answer
  • A 6.75 percent coupon bond with 26 years left to maturity can be called in six years. The call premium is one year of coupon pay
    11·1 answer
  • Burr Incorporated spends approximately 20% of its budget on employee benefits. In an effort to curb costs, Human Resources has d
    13·1 answer
  • Which answer is not a cost to the investor that is included in the calculation of an investment's interest rate
    5·1 answer
  • While in the planning stage, what would a project manager create through the use of software?
    11·1 answer
  • The sum of the explicit and implicit costs incurred in the production process is called
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!