Pop Quiz - Underwriting

Which of the following is not one of the 5 C's of credit?

• Capital

• Capacity

• Conditions

• Coorelations

• Character

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.

How many days are allowed under Reg B to send an incomplete notification to a borrower?

• 15 days

• 23 days

• 30 days

• 90 days

How many days are allowed under Reg B to make a decision on a complete application?

• 15 days

• 23 days

• 30 days

• 90 days

Which of the following collateral types present less credit risk?

• Cash

• Marketable Securities

• Real Estate

• Accounts Receivable

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

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

What is Mark's least favorite Reg?

• Reg Z

• Reg B

• Reg C

• Reg J