Nmls exam 2024 study Exam 2025 ACTUAL EXAM COMPLETE 80 QUESTIONS WITH DETAILED
VERIFIED ANSWERS (100% CORRECT ANSWERS) ALREADY GRADED A+
1. RESPA Set of rules that are applied fairly to lenders buying
or
selling a house
2. Mortgage broker Match borrowers to Lenders
3. Unimproved Building in process /Construction halfway
property
4. Bridge(Swing) done Short term loan used to purchase and
Loan
pay off asap
5. Modification Making changes to original agreement
6. Home equity Using value of house for purchase then pay back
Loan overtime
7. Home equity Value of home minus the homes outstanding loan
8. Assumed Loan Taking over responsibility over another persons loa
9. Reverse Old person uses equity to secure stipend from lende
mort- gage
10. Settlement ser- Services that check for Aspects of a property that is
vices being sold
11. Buying points Lenders offers lower interest rate in trade for
charging
higher upfront
12. Foreclosure Failed to make payments after 4 Months/ 120 days
13. Escrow Holds onto important things until buyer and seller
have met agreements
To get this or any other Exam contact ()
,Nmls exam 2024 study Exam 2025 ACTUAL EXAM COMPLETE 80 QUESTIONS WITH DETAILED
VERIFIED ANSWERS (100% CORRECT ANSWERS) ALREADY GRADED A+
14. Equal Credit Op- Prohibits lenders from discriminating against
portunity Act applicants on the basis of race, color, religion,
(ECOA) national origin, sex, marital status, age, or
dependency on public assistance
15. Denial of cred-
it/loan Declining client due to lack of credit
To get this or any other Exam contact ()
VERIFIED ANSWERS (100% CORRECT ANSWERS) ALREADY GRADED A+
1. RESPA Set of rules that are applied fairly to lenders buying
or
selling a house
2. Mortgage broker Match borrowers to Lenders
3. Unimproved Building in process /Construction halfway
property
4. Bridge(Swing) done Short term loan used to purchase and
Loan
pay off asap
5. Modification Making changes to original agreement
6. Home equity Using value of house for purchase then pay back
Loan overtime
7. Home equity Value of home minus the homes outstanding loan
8. Assumed Loan Taking over responsibility over another persons loa
9. Reverse Old person uses equity to secure stipend from lende
mort- gage
10. Settlement ser- Services that check for Aspects of a property that is
vices being sold
11. Buying points Lenders offers lower interest rate in trade for
charging
higher upfront
12. Foreclosure Failed to make payments after 4 Months/ 120 days
13. Escrow Holds onto important things until buyer and seller
have met agreements
To get this or any other Exam contact ()
,Nmls exam 2024 study Exam 2025 ACTUAL EXAM COMPLETE 80 QUESTIONS WITH DETAILED
VERIFIED ANSWERS (100% CORRECT ANSWERS) ALREADY GRADED A+
14. Equal Credit Op- Prohibits lenders from discriminating against
portunity Act applicants on the basis of race, color, religion,
(ECOA) national origin, sex, marital status, age, or
dependency on public assistance
15. Denial of cred-
it/loan Declining client due to lack of credit
To get this or any other Exam contact ()
