Finance
A South Carolina lender's 'underwriting' process evaluates which of the following?
AThe agent's commission structure
BThe borrower's creditworthiness and the property's value to determine loan approval✓ Correct
CThe title insurance coverage
DThe closing attorney's credentials
Explanation
Underwriting evaluates the borrower's credit, income, assets, employment, and the property's appraised value to assess risk and determine whether to approve the loan and at what terms.
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