Finance
The 'underwriting' process in Ohio mortgage lending involves:
ADetermining the property's market value
BEvaluating the borrower's creditworthiness and the property's value to decide whether to approve the loan✓ Correct
CPreparing the closing documents
DEstablishing the interest rate for the loan
Explanation
Underwriting is the process of evaluating the loan application — reviewing the borrower's income, assets, credit history, and the property's appraised value — to determine if the loan meets the lender's guidelines.
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