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
2 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]2 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
Describe three different financial decisions and their opportunity costs.
KatRina [158]

Answer:

Going to college has an opportunity cost of not working or working less. Buying a car has an opportunity cost of not being able to save as much. Buying a house could have an opportunity cost of not being able to travel. Opportunity cost is the choice you give up when selecting something else.

Explanation:

8 0
2 years ago
Read 2 more answers
What proportion of all african american adults works at white-collar jobs today?
liq [111]
<span>Over half of the adults of the African American population have white collar jobs. So, the myth that the majority of African Americans are poor is not true. There are a lot more poor white people in America than African Americans.</span>
5 0
3 years ago
What are examples of business, management, and administration careers?
Genrish500 [490]
<h2>Answer</h2>
  • Sales Manager
  • General Manager
  • Head of Administration
<h3>Explanation</h3>

Mentioned are some of the careers that fall in the stated categories. Business would include any career related with the field of finance, marketing, supply chain, distribution and so on. Management is more connected with positions where resources has to be managed and administration is one of the types of management.

3 0
3 years ago
Read 2 more answers
True or False: In a competitive labor market, increasing the minimum wage always raises the number of employed workers.
Brrunno [24]
I believe it’s true
4 0
2 years ago
Choose all that apply.
lana [24]
I would recommend a savings account
7 0
3 years ago
Other questions:
  • What is the importance of the variation in statistics?
    12·1 answer
  • Being able to calculate a healthy margin analysis will help the research &amp; development department understand how to change t
    9·1 answer
  • Economic profits and lossesa. equalize the distribution of income in the long run. b. are essential to the reallocation of resou
    8·1 answer
  • An information system that provides relevant data to help businesspeople choose the appropriate course of action is called a(n _
    5·1 answer
  • A manufacturer makes colored blocks for children. The blocks are modeled by the right rectangular prism as shown with congruent
    6·1 answer
  • On January 1, Year 1, Willette Company sold $240,000 of 6% ten-year bonds. Interest is payable semiannually on June 30 and Decem
    10·1 answer
  • Stockholders' equity:________A. Is equal to assets minus liabilities B. Represents the interest of the owners in the assets of a
    15·1 answer
  • A(n) _____ helps domestic producers to compete against foreign imports. Group of answer choices ad valorem tariff specific tarif
    7·1 answer
  • Blues Inc. manufactures jeans in the cutting and sewing process. Jeans are manufactured in 40-jean batch sizes. The cutting time
    5·1 answer
  • Michael has been saving his money and wants to invest it. After doing some research, he has decided to invest $20,000 into a Cer
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!