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SAFE Mortgage Loan Originator Bundled Exams with complete solution | everything you need
Originator Bundled Exams with complete solution | everything you need
[Mostrar más]Originator Bundled Exams with complete solution | everything you need
[Mostrar más]requalification - an estimate of the loan amt. for which the buyer can qualify based on his 
income/credit under the lenders standards 
USDA ratio - 29/41 
FHA ratio - 31/43 
Asset based loan - -loans based on borrowers equity 
-bad when lenders fail to consider ability to repay 
High Cost Loan - Re...
Vista previa 2 fuera de 13 páginas
Añadir al carritorequalification - an estimate of the loan amt. for which the buyer can qualify based on his 
income/credit under the lenders standards 
USDA ratio - 29/41 
FHA ratio - 31/43 
Asset based loan - -loans based on borrowers equity 
-bad when lenders fail to consider ability to repay 
High Cost Loan - Re...
GLBA - Gramm-Leah-Bliley Act 
FTC - Federal Trade Commission 
FCC - Federal Communications Commission 
NPI - Non-public Personal Information 
Consumer - Individual who obtains financial services for personal use 
Customer - Continuing relationship with a financial institute 
EBR - Established Busine...
Vista previa 2 fuera de 12 páginas
Añadir al carritoGLBA - Gramm-Leah-Bliley Act 
FTC - Federal Trade Commission 
FCC - Federal Communications Commission 
NPI - Non-public Personal Information 
Consumer - Individual who obtains financial services for personal use 
Customer - Continuing relationship with a financial institute 
EBR - Established Busine...
What does UST stand for? - Uniform State Test 
Who does the CFPB protect? - The Consumer Financial Protection Bureau protects consumers in the 
financial marketplace. 
What does the CFPB do? - CFPB is now in charge of implementing and enforcing most of the 
provisions of federal lending laws that re...
Vista previa 4 fuera de 35 páginas
Añadir al carritoWhat does UST stand for? - Uniform State Test 
Who does the CFPB protect? - The Consumer Financial Protection Bureau protects consumers in the 
financial marketplace. 
What does the CFPB do? - CFPB is now in charge of implementing and enforcing most of the 
provisions of federal lending laws that re...
1. Which of the following is NOT a loan origination activity? - C. Assisting in a loan modification 
2. A unilateral contract is binding on: - A. One party 
3. Loan originator organizations must keep compensation records for how many years? - C. Three 
4. Mortgage companies must submit a residential...
Vista previa 2 fuera de 9 páginas
Añadir al carrito1. Which of the following is NOT a loan origination activity? - C. Assisting in a loan modification 
2. A unilateral contract is binding on: - A. One party 
3. Loan originator organizations must keep compensation records for how many years? - C. Three 
4. Mortgage companies must submit a residential...
What does RESPA stand for? - The Real Estate Settlement Procedures Act (Regulation X) 
What does ECOA stand for? - Equal Credit Opportunity Act (Regulation B) 
What does TILA stand for? - Truth In Lending Act (Regulation Z) 
What does TRID stand for? - TILA-RESPA Integrated Disclosure Rule (a.k.a. ...
Vista previa 2 fuera de 7 páginas
Añadir al carritoWhat does RESPA stand for? - The Real Estate Settlement Procedures Act (Regulation X) 
What does ECOA stand for? - Equal Credit Opportunity Act (Regulation B) 
What does TILA stand for? - Truth In Lending Act (Regulation Z) 
What does TRID stand for? - TILA-RESPA Integrated Disclosure Rule (a.k.a. ...
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