Prospective Borrowers Often Submit Loan Requests Directly to Lenders

question 32

Multiple Choice

Prospective borrowers often submit loan requests directly to lenders. However, commercial loan requests can also be submitted through another channel in which a permanent lender agrees to purchase loans or consider loan requests from a mortgage banker or broker. This type of business relationship is more commonly referred to as a(n) :

• A) installment sale
• B) joint venture
• C) correspondent relationship
• D) sale-leaseback

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Definitions:

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Ethical

Relating to moral principles or the branch of knowledge dealing with these, especially as they apply to professional conduct.

Qualitative Research

A research methodology that explores and provides insights into different aspects of a problem or issue through non-numerical data, often using methods like interviews and observations.

Quantitative Research

A research methodology that focuses on gathering numerical data and performing statistical, mathematical, or computational techniques to analyze it.