While the Distinction Between Mortgage Bankers and Brokers Is Diminishing

question 10

Multiple Choice

While the distinction between mortgage bankers and brokers is diminishing, a full service mortgage banker means being capable of all of the following EXCEPT

• A) Originating or negotiating a loan
• B) Funding a loan a closing
• C) Servicing a loan until pay off
• D) Holding a whole loan in portfolio

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Definitions:

Socioeconomic Status

An individual or group's economic and social position based on income, education, and occupation, influencing their access to resources.

Murder Rate

The number of murders per unit of population within a specified time frame, often used as an indicator of societal violence levels.

Subculture Of Violence

A segment within society that holds values and norms that accept, justify, or glorify violence, distinguishing it from the broader cultural norms.

Physical Aggression

The use of physical force with the intent to cause harm or damage to another person or object.