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Who is a Loan Underwriter?
15. Who is a Loan Underwriter?
- Underwriters that assess the risk of insuring a home, car or driver
- Most commonly used underwriters in the loan industry
- An underwriter that determines if the loan is safe for all parties
- Underwriters that work with initial public offerings (IPOs)
Answer: C) An underwriter that determines if the loan is safe for all parties
Explanation:
Loan underwriters assess the gamble engaged with loaning a candidate a credit like an automobile advance. The goal is to decide whether the credit is alright for all parties. Huge banks frequently utilize a blend of guarantors and endorsing programming to decide the gamble of loaning assets to a candidate. Utilizing the mix of programming and a financier is a typical practice among of all shapes and sizes banks.