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Pop Quiz - Underwriting

Authored by Mark Foxworth

Business

Professional Development

Used 1+ times

Pop Quiz - Underwriting
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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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