ENTREPRENEURSHIP

Detailed explanation-1: -Underwriting process The underwriting process plays a decisive role in the approval of a loan application. The lender evaluates the loan application against a number of criteria such as credit score, risk score, debt to income ratio, and repayment capacity.

Detailed explanation-2: -Loan servicing includes sending monthly payment statements, collecting monthly payments, maintaining records of payments and balances, collecting and paying taxes and insurance (and managing escrow funds), remitting funds to the note holder, and following up on any delinquencies.