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

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Definitions:

Cultural Sensitivity

Awareness and understanding of cultural differences and the ability to respectfully and effectively interact with people from diverse backgrounds.

Immersed

Engrossed or deeply involved in a particular activity or environment.

Nonjudgmental Attitude

An approach characterized by acceptance and openness, refraining from forming harsh judgments or criticisms about others.

Cultural Competence

The ability to understand, appreciate, and interact with people from cultures or belief systems different from one's own.