Answer:
1.28 times
Explanation:
How many times as large the revenue generated in 2017 is compared to that of 2016 can be derived from the division of the revenues for both years.
Given that the total revenue for 2017 is $175,200 and that for 2016 is $136,900
The number of times 2017 revenue is as large as that of 2016
= $175,200/$136,900
= 1.28 times
Answer:
Please see answers below.
Explanation:
A. Three important Items to double check before submitting a loan application to underwriting.
• Completeness of data : One has to be sure that all important details are captured hence none is left out. It means that there are no missing information on the application.
• Calculations performed accurately: This means that calculations such as borrower's income, qualifying ratios are calculated accurately and also double checked for the purpose of the loan underwriting.
• Documentations required by the loan programme. All Documentations required by the loan programme must be double checked before submitting a loan application to underwriting.
B. List at least two things you would be sure to tell a borrower in preparation for closing
• I will seek clarity in terms of the money borrower would be bringing to the closing table.
• The date,time,venue of closing are essential for the closing hence will be communicated to the borrower. Also, there are no right or wrong answers that may be asked or given by the borrower during the closing.
C. List at least three calculations that are typically used during the course of mortgage loan transaction.
• Income calculation
• Front end and back end ratio (DTI ratio)
• Monthly payment.
The category that does not belong to the periodic evaluation is Change Analysis.
Option D is the correct answer.
<h3>What is a periodic evaluation?</h3>
Periodic evaluation is a technique that is totally developmental in nature and disregards the formal advice relating to tenure, retention, or promotion of employees.
Periodic evaluation has three broad categories namely, hazard analysis, safety, and health-related inspections, and evaluation relating to personal protective equipment (PPE).
Therefore, out of the provided options, Change analysis is not considered a category for periodic evaluation.
Learn more about the periodic evaluation. in the related link;
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The correct answer is C. 100%. Please mark as brainliest! :) Have a blessed day!
The "Farm Credit System" is a government-sponsored enterprise that works through a cooperative system to provide agricultural and rural loans.
<h3>What is Farm Credit System?</h3>
A nationwide financing network with a focus on helping the agriculture sector is called as Farm Credit System (FCS). It is composed of banking industry and organisations that extend loans to people and companies around the country.
Some key features of farm credit system are-
- From small farming families to multinational corporations, the FCS supports the rural community including organizations of all shapes and sizes.
- The FCS is composed up several cooperative banks and organisations that lend money to Americans both personally and commercially.
- There are 72 independent, customer-owned financial institutions that make up the FCS.
- A vital source of financing for the agricultural sector, which is viewed as high-risk most traditional lenders, is the Farm Credit System.
To know more about the Farm Credit System, here
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