MPOWER Financing Underwriting Analyst Interview Questions and Answers

Verified income is a better underwriting approach than stated income.

• Verified income provides more accurate information about the borrower's financial situation.

• Stated income can be easily manipulated or exaggerated by the borrower.

• Verified income reduces the risk of default and improves the lender's profitability.

• However, verifying income can be time-consuming and costly for the lender.

• The underwriting approach should...read more