UST Test Prep 3 Questions and Answers 2024

UST Test Prep 3 Questions and Answers 2024 Which of the following would NOT be considered an administrative or clerical task? - ANS ️️ Bringing together parties interested in the mortgage of a property Background checks performed by the Regulatory Authority do not include: - ANS ️️ medical findings by a governmental agency The Regulatory Authority may do any of the following if an applicant fails to meet requirements for receiving a license except: - ANS ️️ issue a license It is prohibited to advertise all of the following except: - ANS ️️ VA lender NMLS stands for: - ANS ️️ Nationwide Multistate Licensing System True or False? Every state requires those applying for a loan originator license to agree to a background check. - ANS ️️ true Clerical or support duties of a loan processor or underwriter would NOT include: - ANS ️️ Counseling consumers about residential mortgage loan rates or terms, Offering or negotiating loan rates or terms All of the following must be deposited into trust accounts EXCEPT: - ANS ️️ MLO Commission Checks Which of the following must be conspicuously disclosed on all advertisements? - ANS ️️ Your Unique Identifier Which of the following is required to be licensed? - ANS ️️ An individual who negotiates a mortgage loan for another for compensation