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.

---

Definitions:

Services

Intangible products such as education, healthcare, and entertainment, provided and consumed at the same time, contributing to an economy's output.

Scarce Resources

Scarce resources are materials, goods, or services that are limited in availability relative to the desires or demands of human beings.

Goods and Services

The output produced by a society, including tangible products (goods) and intangible items (services) that fulfill human wants or needs.

Capital

Economic resource that is used to produce goods and services, including buildings, machinery, and equipment.