Home » MCQs » Commerce MCQs » Investment MCQs

Who is a Mortgage Underwriter?

14. Who is a Mortgage Underwriter?

1. Underwriters that assess the risk of insuring a home, car or driver
2. Most commonly used underwriters in the loan industry
3. An underwriter that determines if the loan is safe for all parties
4. Underwriters that work with initial public offerings (IPOs)

Answer: B) Most commonly used underwriters in the loan industry

Explanation:

Mortgage underwriters are probably the most normally utilized guarantors among the credit business. Regardless of whether another mortgage holder has decent pay and incredible financial assessment, purchasing a house is as yet a hazardous undertaking. A home loan guarantor should do a careful gamble appraisal. When an evaluation is done, the financier can affirm assuming the credit is a reasonable endeavour for the candidate.