100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached 4.2 TrustPilot
logo-home
Previously searched by you
Previously searched by you
logo
  • National And UST Mortgage
  • National and UST Mortgage
To add items to your wishlist, you must be logged in
Exam (elaborations)

NMLS NATIONAL TEST W/UST: LOAN ORIGINATION QUESTIONS AND CORRECT ANSWERS

Rating
-
Sold
-
Pages
4
Grade
A+
Uploaded on
28-11-2025
Written in
2025/2026

NMLS NATIONAL TEST W/UST: LOAN ORIGINATION QUESTIONS AND CORRECT ANSWERS

Institution
National And UST Mortgage
Module
National and UST Mortgage








Whoops! We can’t load your doc right now. Try again or contact support.
Report Copyright Violation

Written for

Institution
National and UST Mortgage
Module
National and UST Mortgage

Document information

Uploaded on
November 28, 2025
Number of pages
4
Written in
2025/2026
Type
Exam (elaborations)
Contains
Questions & answers

Subjects

  • nmls national test wust loan origination questio

Content preview

NMLS NATIONAL TEST W/UST: LOAN
ORIGINATION QUESTIONS AND
CORRECT ANSWERS
OnA2anA2FHAA2annuallyA2adjustingA2ARM,A2assumeA2thatA2theA2startingA2rateA2wasA25%;A
2theA2marginA2isA22.5%;A2theA2indexA2inA26A2monthsA2isA23%;A2theA2indexA2inA212A2monthsA
2isA23.5%;A2theA2indexA2inA218A2monthsA2isA23.25%.A2WhatA2isA2theA2borrower'sA2interestA2
rateA2inA218A2months?A2-A2Ans--5.50%

TheA2mortgageA2loanA2youA2submittedA2toA2theA2LenderA2hasA2beenA2approved.A2Howeve
r,A2thereA2areA2someA2conditionsA2thatA2theA2LenderA2requiresA2beforeA2theA2loanA2docsA2
willA2beA2sentA2toA2theA2closingA2office.A2TheseA2conditionsA2areA2referredA2toA2as:A2-
A2Ans--PriorA2toA2doc


TheA2lenderA2isA2requiringA2repairsA2onA2theA2homeA2toA2beA2completed.A2ThoseA2repairsA
2canA2beA2doneA2afterA2theA2loanA2closesA2byA2includingA2themA2inA2a(n):A2-A2Ans--
EscrowA2Holdback

WhenA2youA2orderA2anA2InsuranceA2binderA2onA2aA2borrower'sA2loanA2file,A2theA2one-
pageA2sheetA2thatA2summarizesA2allA2theA2insuranceA2informationA2isA2knownA2asA2the:A2-
A2Ans--DeclarationA2Page


WhichA2formA2allowsA2theA2lenderA2toA2verifyA2yourA2client'sA2taxA2returns?A2-A2Ans--4506-
T

YouA2areA2wonderingA2whatA2theA2totalA2amountA2ofA2interestA2yourA2borrowersA2willA2pay
A2onA2theirA230A2yearA2fixedA2rateA2loan--
ifA2theyA2keptA2thatA2loanA2forA2itsA2fullA230A2years.A2OnA2theA2TILA2youA2calculateA2theA2A
mountA2FinancedA2toA2beA2$145,000.A2YourA2customersA2P&IA2paymentA2isA2$975.00A2pe
rA2month.A2BasedA2onA2thisA2information,A2whatA2willA2beA2theA2amountA2ofA2interestA2your
A2customerA2willA2payA2overA2theA230A2yearA2period?A2-A2Ans--$206,000


YouA2areA2doingA2aA2refinanceA2loanA2forA2yourA2borrowersA2non-
ownerA2occupiedA2property.A2YouA2lookA2atA2theA2propertyA2profileA2andA2seeA2thatA2theA2
siteA2addressA2andA2yourA2customers'A2addressA2areA2different.A2WhatA2actionA2shouldA2y
ouA2take?A2-A2Ans--NoA2actionA2required

WhichA2ofA2theA2followingA2wouldA2NOTA2beA2consideredA2aA2prepaidA2item?A2-A2Ans--
TitleA2Insurance

WhichA2ofA2theA2followingA2isA2notA2commonA2toA2splitA2betweenA2buyerA2andA2seller?A2-
A2Ans--LoanA2OriginationA2Fees
$9.89
Get access to the full document:
100% satisfaction guarantee
Immediately available after payment
Both online and in PDF
No strings attached
Get to know the seller
Seller avatar
LECTUREKIM

Also available in package deal

Thumbnail
Package deal
NMLS NATIONAL TEST W/UST: LOAN ORIGINATION QUESTIONS AND CORRECT ANSWERS
-
4 2025
$ 47.76 More info

Get to know the seller

Seller avatar
LECTUREKIM stuvia
View profile
Follow You need to be logged in order to follow users or courses
Sold
New on Stuvia
Member since
1 month
Number of followers
0
Documents
608
Last sold
-

0.0

0 reviews

5
0
4
0
3
0
2
0
1
0

Recently viewed by you

Thumbnail
Package deal
Wonderlic Bundle Set
-
2023
$ 30.99 More info
Thumbnail
Exam (elaborations)
NATIONAL AND UST MORTGAGE PRACTICE EXAM 1 QUESTIONS AND CORRECT ANSWERS
-
2025
$ 13.99 More info
Thumbnail
Summary
HC 1 - I&E summary
-
2016
€ 3,74 More info
Thumbnail
Summary
Summary applying communication theory for professional life
4.0
(1)
4 2022
€ 4,99 More info
Thumbnail
Package deal
NATIONAL AND UST MORTGAGE PRACTICE EXAM 2 QUESTIONS AND CORRECT ANSWERS
-
2025
$ 23.49 More info

Why students choose Stuvia

Created by fellow students, verified by reviews

Quality you can trust: written by students who passed their exams and reviewed by others who've used these revision notes.

Didn't get what you expected? Choose another document

No problem! You can straightaway pick a different document that better suits what you're after.

Pay as you like, start learning straight away

No subscription, no commitments. Pay the way you're used to via credit card and download your PDF document instantly.

Student with book image

“Bought, downloaded, and smashed it. It really can be that simple.”

Alisha Student

Frequently asked questions