Mortgage Loan Underwriters: What is Mortgage Loan Underwriters? How to Become a Mortgage Loan Underwriter?

What is Mortgage Underwriting? In simple terminology, mortgage underwriting can be defined as a risk assessment that is undertaken by the lender to assess the underlying probability of the debtor not honoring the particular loan. Before a loan is formally extended, it is imperative for the mortgage underwriter to ensure that the creditworthiness of a …

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Return On Marketing Investment – Formula, Example, and More

The return on marketing investment- (ROMI) measures the efficiency of the marketing function. It’s used to assess the performance of the marketing function by measuring the change in the revenue with an increase in the marketing expenses. Effective marketing is expected to increase sales and direct the business on the horizon of exponential growth and …

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Budgetary control – Concept, Objectives, Types, And More

Budgetary control is a concept of financial accounting that helps to oversee the payments and receipts within an organization. It provides a greater tool to plan, monitor, and control financial activities within an organization. The concept of budgetary control can be linked with liquidity and management of the cash flow. However, the concept of budgetary …

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