The First Step in the Underwriting Process Is

question 37

Multiple Choice

The first step in the underwriting process is:

• A) the desk underwriter review
• B) the agent's field appraisal
• C) the general agent's confidential report
• D) the inspection report from Equifax or similar investigator

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Definitions:

Present Value

The present-day worth of a forthcoming sum of money or cash inflows, assessed at an agreed-upon return rate.

Interest Rate

The percentage charged on a loan or paid on savings, indicating the cost of borrowing or the reward for saving.

Price To Earnings Ratios

A financial metric that measures a company's current share price relative to its per-share earnings, used to evaluate its relative value.

Interest Rate

The amount charged, expressed as a percentage of the principal, by a lender to a borrower for the use of assets over a specific period.