Champions School of Real Estate-Principles of Real Estate II Questions
and Answers with Verified Solutions | Latest 2026 Update
Q: Title Theory State
Answer:
a mortgage is an actual transfer of ownership from the borrower to the
lender. Title remains with the lender until loan is repaid.
Q: Lien Theory State
Answer:
The borrower retains ownership of the property , subject to the lien that
secures repayment of the loan.
Q: Mortgage Backed Securites
Answer:
Investment instruments that are secured by pool of mortgages
and are used to channel funds from securities markets to housing markets
,Champions School of Real Estate-Principles of Real Estate II Questions
and Answers with Verified Solutions | Latest 2026 Update
Q: Primary Mortgage Market
Answer:
Market in which borrowers and mortgage lenders come together
to create and negotiate terms of a mortgage transaction
Q: Mortgage bankers
Answer:
person, corporation or firm, not in banking, that provides its own funds
for mortgage financing.
Q: Mortgage brokers
Answer:
provides the consumer with assistance securing hard to place or niche
sources f mortgage money
,Champions School of Real Estate-Principles of Real Estate II Questions
and Answers with Verified Solutions | Latest 2026 Update
Q: Correspondent Lenders
Answer:
someone who processes, underwrites, closes and funds his or her
own files in his or her name. Once the loan is closed it is sold to another lender.
Q: Origination
Answer:
the process of creating a new mortgage loan
Q: Loan Processing
Answer:
the processor will build a file to make an underwriting decision
Q: underwriting
Answer:
evaluating a borrower's loan application to determine the risk involved for the
lender
, Champions School of Real Estate-Principles of Real Estate II Questions
and Answers with Verified Solutions | Latest 2026 Update
Q: Close
Answer:
the consummation of a real estate transaction in which all documents are signed and
the proceeds of the mortgage loan are distributed.
Q: Fund
Answer:
transferring funds to a title or escrow company
Q: servicing
Answer:
sending monthly payment statements and collecting monthly payments
Q: Liquidity
Answer:
The ability to sell an asset and convert it into cash
and Answers with Verified Solutions | Latest 2026 Update
Q: Title Theory State
Answer:
a mortgage is an actual transfer of ownership from the borrower to the
lender. Title remains with the lender until loan is repaid.
Q: Lien Theory State
Answer:
The borrower retains ownership of the property , subject to the lien that
secures repayment of the loan.
Q: Mortgage Backed Securites
Answer:
Investment instruments that are secured by pool of mortgages
and are used to channel funds from securities markets to housing markets
,Champions School of Real Estate-Principles of Real Estate II Questions
and Answers with Verified Solutions | Latest 2026 Update
Q: Primary Mortgage Market
Answer:
Market in which borrowers and mortgage lenders come together
to create and negotiate terms of a mortgage transaction
Q: Mortgage bankers
Answer:
person, corporation or firm, not in banking, that provides its own funds
for mortgage financing.
Q: Mortgage brokers
Answer:
provides the consumer with assistance securing hard to place or niche
sources f mortgage money
,Champions School of Real Estate-Principles of Real Estate II Questions
and Answers with Verified Solutions | Latest 2026 Update
Q: Correspondent Lenders
Answer:
someone who processes, underwrites, closes and funds his or her
own files in his or her name. Once the loan is closed it is sold to another lender.
Q: Origination
Answer:
the process of creating a new mortgage loan
Q: Loan Processing
Answer:
the processor will build a file to make an underwriting decision
Q: underwriting
Answer:
evaluating a borrower's loan application to determine the risk involved for the
lender
, Champions School of Real Estate-Principles of Real Estate II Questions
and Answers with Verified Solutions | Latest 2026 Update
Q: Close
Answer:
the consummation of a real estate transaction in which all documents are signed and
the proceeds of the mortgage loan are distributed.
Q: Fund
Answer:
transferring funds to a title or escrow company
Q: servicing
Answer:
sending monthly payment statements and collecting monthly payments
Q: Liquidity
Answer:
The ability to sell an asset and convert it into cash
