Pop Quiz - Underwriting
Authored by Mark Foxworth
Business
Professional Development
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8 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 10 pts
Which of the following is not one of the 5 C's of credit?
Capital
Capacity
Conditions
Coorelations
Character
2.
MULTIPLE CHOICE QUESTION
30 sec • 10 pts
When declining a loan, what is the first thing an analyst should do in Sageworks?
Add the decline phase to the workflow.
Close the workflow.
Decline the loan by clicking the Decline button on the proposed loan page.
Send the second review form to loan servicing.
3.
MULTIPLE CHOICE QUESTION
30 sec • 10 pts
How many days are allowed under Reg B to send an incomplete notification to a borrower?
15 days
23 days
30 days
90 days
4.
MULTIPLE CHOICE QUESTION
30 sec • 10 pts
How many days are allowed under Reg B to make a decision on a complete application?
15 days
23 days
30 days
90 days
5.
MULTIPLE CHOICE QUESTION
30 sec • 15 pts
Which of the following collateral types present less credit risk?
Cash
Marketable Securities
Real Estate
Accounts Receivable
6.
MULTIPLE CHOICE QUESTION
30 sec • 20 pts
Which of the following is typically least desirable as a primary source of repayment for a loan?
Personal Cash Flow
Personal Liquidity
Cash Flow from Operations
Liquidation of Collateral
7.
MULTIPLE CHOICE QUESTION
30 sec • 10 pts
When completing ATR, which of the following can be used as income verification?
Current Paystub
Current Liquidity Statements
Current Employment Contract
All of the above
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