Finance
What is the role of an 'underwriter' in the mortgage process?
ATo market the property to potential buyers
BTo review the loan application and determine whether the borrower and property meet the lender's guidelines for approval✓ Correct
CTo conduct the property inspection
DTo prepare the title insurance policy
Explanation
A mortgage underwriter evaluates the borrower's creditworthiness (income, credit, assets) and the property's value/condition to determine whether the loan meets the lender's guidelines. The underwriter makes the final approval decision.
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