Mortgage bank - SS2 Commerce Past Questions and Answers - page 1
What is the primary focus of a mortgage bank?
Offering investment services
Providing insurance policies
Facilitating real estate transactions
What is the main function of a mortgage bank?
Collecting monthly mortgage payments
Collecting monthly mortgage payments
Offering financial advisory services
What is securitization in the context of a mortgage bank?
The process of evaluating creditworthiness
What is securitization in the context of a mortgage bank?
The process of evaluating creditworthiness
How do mortgage banks determine the interest rate for a mortgage?
Based on the borrower's income level
Determined by the current market conditions
Randomly assigned by the bank
What role does a mortgage bank play in the mortgage process?
Evaluating the creditworthiness of borrowers
Assisting borrowers with home improvement projects
Evaluating the creditworthiness of borrowers
State one function of a mortgage bank.
What is securitization in the context of a mortgage bank?