Ch 1 nature in cycle of real estate finance Flashcards
1
Q
Getting a new mortgage loan, including all the steps, a lender takes to attract and qualify about Borrower
A
Origination
2
Q
Detail process of evaluating a borrowers loan application to determine the risk involved, for the lender is defined as
A
Underwriting
3
Q
What is the consummation of a contractual real estate transaction in which all appropriate documents are signed in the mortgage loan proceeds are dispersed by the lender
A
Closing
4
Q
The primary determinants of real estate values are
A
Supply and demand
5
Q
What is something of value that can be played as security for repayment of a loan?
A
 Collateral