Examen
NMLS PRACTICE TEST EXAM PROFIENCY HARD QUESTIONS / NATIONWIDE MORTGAGE LICENSING SYSTEM PRACTICE TEST HARD QUESTIONS WITH CORRECT ANSWERS|53% AND ABOVE PASSRATE GUARANTEE
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An annual escrow analysis is used to do which of the following? A. Ensure the loan is properly amortized B. Prevent escrow overages C. Reduce burden on the servicer D. Report underwriting errors -CORRECT ANSWER -- B. Prevent escrow overages The disclosure requirements of RESPA would apply to which of the following loans? A. A loan to purchase 75 acres of land B. A farm loan C. A loan to purchase a property that includes a gas station and convenience store D. A loan to purchase a duplex and rehabilitate it into a single family dwelling - CORRECT ANSWER-- D. A loan to purchase a duplex and rehabilitate it into a single family dwelling
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