Which of the following is NOT an outcome of an underwriting review?

In the context of underwriting reviews, a variety of decisions can be made based on the assessment of the loan application and the borrower's financial situation. Each of the first three choices—declining the loan application, amending the loan terms, and approving the loan with conditions—represents actions that relate directly to the underwriting process.

Declining a loan application occurs when the underwriter determines that the risk associated with the borrower or the property is unacceptable based on the lending guidelines. Amending the loan terms may happen if the underwriter identifies that changes are necessary to mitigate risk, such as adjusting the interest rate or requiring a larger down payment. Approving the loan with conditions indicates that the underwriter is willing to approve the application, provided certain criteria are met, which is also a common outcome of the review process.

Conversely, purchasing the property outright does not involve the underwriting process in the same way. An underwriting review is specifically concerned with evaluating a borrower's application for financing and ensuring that it meets the lender's criteria. The act of purchasing the property outright suggests the borrower is buying the property without any lender involvement, essentially bypassing the need for an underwriting review altogether. Thus, this choice is not a direct outcome of the underwriting process,