An Automated Underwriting System Is One That

question 1

Multiple Choice

An automated underwriting system is one that:

• A) automatically takes a loan application
• B) can only transmit loan information for automatic analysis by a human underwriter
• C) can analyze any loan without special software
• D) allows a computer with proper software to analyze a loan application and grant approval if justified

---

Definitions:

Structural Equation Models

Statistical models used to test or estimate the relationships among multiple variables, often in social science research.

Delphi Technique

A forecasting method involving a panel of experts who anonymously reply to questionnaires and provide feedback, aiming for a consensus on issues requiring expert opinion.

Nominal Group Technique

A systematic technique for collective idea generation that supports participation from each member, utilized for ideating and ordering concepts.

Scenario Planning

A strategic planning method used to make flexible long-term plans based on various plausible future scenarios.