During which process do lenders often evaluate a borrower's assets?

The process in which lenders evaluate a borrower's assets is typically referred to as loan underwriting. During underwriting, lenders assess the borrower's financial profile, which includes evaluating income, credit history, and assets, to determine the borrower's ability to repay the loan. This thorough assessment helps the lender decide whether to approve the loan and what terms to offer, ensuring that they mitigate potential risks associated with lending.

In contrast, risk assessment may cover broader aspects of the borrower's financial health but does not focus solely on the evaluation of assets. Seasoning evaluation typically relates to the period that a loan or asset has been held, and is less about the initial evaluation process. Account auditing is generally concerned with verifying the accuracy of financial records rather than a direct evaluation of a borrower’s assets in the context of lending. Therefore, loan underwriting is the correct process associated with the analysis of assets when considering a loan application.