Loan Underwriting Knowledge Assessment

  • $10.00


The Loan Underwriting assessment is aimed at evaluating the assessment taker's knowledge of the policies and procedures commonly employed in the loan underwriting arena for the banking and loans industry. Such topical areas included are loan approval, underwriting methodology, appraiser qualifications, credit information, title exceptions, and various practices and procedures. This assessment is appropriate to administer to those with one to two years of experience in loan underwriting.

Assessments for Title Insurance Knowledge, Financial Analysis, and Credit Management are also available.

Number of questions 29
Test format Multiple-Choice
Time to complete Varies by skill
Topics covered Appraisal Underwriting
Compliance
Loan Underwriting
Tasks tested Analyzing Reports
Appraisal Practices
Appraiser Qualifications
Borrower's Ability to Repay
Borrower's Assets
Borrower's Dealings
Borrower's Gross Income
Borrower's Income Source
Compensating Factors
Credit Applicants
Credit Information
Documentation Requirements - Self-Employed
Guaranty Insurance
High-ratio Mortgages
Housing and Debt Ratios
Investment - Quality Loans
Loan Approval
Mathematical Calculations
Practices and Procedures
Right to Rescind
Self-Employed Borrower Assessment
Self-Employed Borrowers
Standard Exhibits
Subordinate Financing
Title Exceptions
Underwriting Differences
Underwriting Guidelines
Underwriting Methodology
Underwriting Philosophy
Supported languages ๐Ÿ‡บ๐Ÿ‡ธ English (en_US)