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Real Estate Finance - Book 5 Questions with complete solutions
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Sending monthly payment statements and collecting monthly payments, maintaining payment records and following up on delinquencies. a. Loan processing b. funding c. Servicing d. Origination - ANSWER-C. Servicing The process of creating a new mortgage loan. a. Underwriting b. Loan processing c. Origination d. Funding - ANSWER-C. Origination The process of collecting information about a borrower in order to build a loan file, that will be used to make a underwriting decision. a. Loan Processing b. Servicing c. Origination d. Funding - ANSWER-A. Loan Processing The process of transferring funds to a title for escrow company for disbursement. a. Origination b. Funding c. Loan Processing d. Servicing - ANSWER-B. Funding
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