MBA CRU Practice Questions - Certified Residential Underwriter Exam

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A borrower presents a credit report with a 30-day late payment on a credit card 6 months ago and no other derogatories. The underwriter generally considers:

Whether the late was an isolated incident with explanation, and overall credit pattern Automatic denial Ignore the late Always require 12 months perfect

Correct Answer:

Whether the late was an isolated incident with explanation, and overall credit pattern

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