The Best Explanation of Computerized Loan Origination Is

question 2

Multiple Choice

The best explanation of computerized loan origination is:

• A) a loan application can be analyzed by computer and approved if justified
• B) information on a loan application can be stored for future use
• C) loan information can be transmitted via computer to an underwriter for analysis
• D) the computer lists all information required for loan analysis

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Definitions:

Novel Idea

A new, original, or unusual concept or thought that has not been considered before.

General Environment Conditions

External forces such as economic, political, social, and technological factors that affect an organization's ability to operate effectively.

Human Relations Conditions

The environmental and interpersonal factors that influence the quality and productivity of work life.

Economic Conditions

The state of the economy at a given time, including factors such as inflation, unemployment, and growth rates.