General Studies · Mortgage Lending
In a digitalized mortgage lending process, what does the integration of digital land records or digital registry verification primarily aim to achieve for the bank?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1To automate the marketing emails sent to the borrower
- 2To verify the legal ownership and encumbrance status of the property in real-time✓
- 3To calculate the personal income tax of the borrower
- 4To increase the interest rate based on the property location
Correct answer
To verify the legal ownership and encumbrance status of the property in real-time
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