NMLS Test Outline Correct Questions & Answers(GRADE A+)
RESPA disclosures? due dates? - ANSWER 3 days after application: Home loan tool kit Loan estimate List of HUD counselors Mortgage Servicing Disclosure Statement Know before you owe booklet Special Info Booklet 3 days before consummation: Initial Closing Disclosure AfBA disclosure At consummation: Final Closing Disclosure Initial Escrow Statement (45 days after closing) After closing: Annual Escrow Statement Servicing Transfer Statement (sent 15 days before transfer) RESPA covers which loan types? exempt loan types? - ANSWER FHA,VA,conventional, USDA,purchase loans, REFI, HELOC
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- Uploaded on
- October 23, 2023
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- 28
- Written in
- 2023/2024
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- Exam (elaborations)
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- Questions & answers