SAFE Mortgage Loan Originator Guías de estudio, Notas de estudios & Resúmenes

The SAFE Mortgage Loan Originator National Exam Study Guide | Questions & Answers (100% Correct) The SAFE Mortgage Loan Originator National Exam Study Guide | Questions & Answers (100% Correct) 1. Which of the following is NOT a loan origination activity? - ANSWER - C. Assisting in a loan modification 2. A unilateral contract is binding on: - ANSWER - A. One party 3. Loan originator organizations must keep compensation records for how many years? - ANSWER - C. Three 4. Mortgage comp...

S.A.F.E Mortgage Loan Originator Exam (2023) Questions & 100% Correct Answers S.A.F.E Mortgage Loan Originator Exam (2023) Questions & 100% Correct Answers Pre-Texting is what? - ANSWER - Fraudulently obtaining personal information FTC implements what? - ANSWER - The DO NOT CALL registry FCC Implements what? - ANSWER - The DO NOT FAX registry Safe Guard is Implement by what Act? - ANSWER - GLBA If a Consumer inquires about a product, the business relation ship is good for how lon...

SAFE Mortgage Loan Originator Test - National Component with Uniform State Content | Complete Questions & Answers (100% Correct) SAFE Mortgage Loan Originator Test - National Component with Uniform State Content | Complete Questions & Answers (100% Correct) What does UST stand for? - ANSWER - Uniform State Test Who does the CFPB protect? - ANSWER - The Consumer Financial Protection Bureau protects consumers in the financial marketplace. What does the CFPB do? - ANSWER - CFPB is now in ...

SAFE Mortgage Loan Originator Test - National Component with Uniform State Content with complete solution

SAFE Mortgage Loan Originator Test 2023 with complete solution

SAFE Mortgage Loan Originator Test Latest 2022 with complete solution

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 loan origination activity report to the NMLSR every: B. Three months 5. How many years must loan originator applicants wait after a felony fraud conviction, in order to qualify...

Prequalification 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 Reg Z - Sec. 1026.32 -APR will exceed by more than 6.5% for first lien loans or by more than 8.5% for subordinate -APOR - average prime offer rate 1. 5% 2. 6.5% 3. 8.5% RE...

Prequalification - ANSWER-an estimate of the loan amt. for which the buyer can qualify based on his income/credit under the lender’s standards USDA ratio - ANSWER-29/41 FHA ratio - ANSWER-31/43 Asset based loan - ANSWER--loans based on borrowers’ equity -bad when lenders fail to consider ability to repay High Cost Loan - ANSWER-Reg Z - Sec. 1026.32 -APR will exceed by more than 6.5% for first lien loans or by more than 8.5% for subordinate -APOR - average prime offer rate 1. ...

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