The Expenses, Which a Lender Incurs While Processing a Mortgage

question 45

Multiple Choice

The expenses, which a lender incurs while processing a mortgage loan application, are recovered from the borrower as

• A) discount points.
• B) origination fees.
• C) mortgage insurance premium.
• D) private mortgage insurance.

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Definitions:

Uncoordinated Supply Chain

A supply chain where the actions and operations of participants are not synchronized, leading to inefficiencies and potential disruptions.

Supply Chain Profits

Represent the total earnings generated throughout the entire supply chain, from raw material suppliers to the final retailer.

Sales Force Incentives

Rewards or compensation given to sales personnel to motivate them to achieve sales targets, including bonuses, commissions, and non-monetary benefits.

Supply Chain

The network of all entities involved in producing and delivering a product or service to the consumer, including suppliers, manufacturers, and retailers.