A(n)_____ Uses Statistical and Other Analyses to Automate the Loan

question 11

Short Answer

A(n)_____ uses statistical and other analyses to automate the loan underwriting process,loan origination,collateral scoring,and appraisal.

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Definitions:

Economic Equivalent

A financial concept that refers to the equivalence in value between different sums of money received or paid at different times, based on a specified interest rate.

Previous March

Refers to March of the preceding year or the last March that occurred before the current date.

Original Investment

The initial amount of money invested in a financial venture or asset.

Interest Rate

The specific rate at which interest is incurred on borrowed cash from a lender to a borrower.