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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:

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Mister Plow has contracted to perform snow removal services for the city of Springfield. Record snowfall has more than doubled t
Marina86 [1]

Answer:

B. a fixed-price contract.

Explanation:

"A fixed price contract places minimum administrative burden on the contracting parties, but subjects the contractor to the maximum risk arising from full responsibility for all cost escalations. Also called firm price contract."

Mr. Plow couldn't come back to Springfield because he took full responsability for all cost escalations.

Reference: WebFinance Inc. “What Is Fixed Price Contract? Definition and Meaning.” BusinessDictionary.com, 2019

3 0
3 years ago
Transmissions are delivered to the fabrication line five at a time. It takes two hours for transmissions to be delivered. Approx
Leokris [45]

Answer:

The Number of kanban card sets is 2.

Explanation:

c =  5

T = 2 hours

d = 3 vehicles/hour

N = d*T(1 + ss)/C

   = 3*2(1 + 0.30)/5

   = 1.56

Therefore, The Number of kanban card sets is 2.

5 0
3 years ago
Luciana, a nonshareholder, purchases a condominium for her employer for $85,000. The fair market value of the condominium is $12
krok68 [10]

Answer:

Luciana’s basis in the condominium is $120000.

Explanation:

The transfer or sale of property by the employer to the employee at less than the fair market value then it is considered as the compensation income or dividend income. However, it should be included in the income. The difference in cost and fair market value ($120000 - $85000 = $35000) is considered as the gross income which is taxable for the year.

5 0
3 years ago
business to business is selling to a customer that is not the end of the consumer. which of these best describe the business to
ololo11 [35]

Answer:

so where's the Question?

5 0
3 years ago
Description of the the target market is formed in the___ part of the business plan
Alexandra [31]

Answer:

Market analysis

Explanation:

A business plan is a document that shows the goals of a business and details the roadmap to achieve them. It has several sections, with each giving specific information about the business.

The market analysis part talks about the target clients. The sections give detailed data on the industry, including competitors, market performance, and prevailing trends. It describes customers in the target industry.

5 0
3 years ago
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