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Mortgage Loan Originator Practice Exam Questions ACTUAL UPDATED QUESTIONS AND CORRECT ANSWERS The lender of mortgage money is known as the: A. trustee B. mortgagor C. mortgagee D. trustor - CORRECT ANSWERSC. mortgagee Which of the following methods that might be employed to sell a mortgaged property is best for the seller in regard to future legal resonsibilites? A. an assumption without release B. a contract for deed sale C. a cash-out sale D. a wrap-around mortgage -...
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Mortgage Loan Originator Practice Exam Questions ACTUAL UPDATED QUESTIONS AND CORRECT ANSWERS The lender of mortgage money is known as the: A. trustee B. mortgagor C. mortgagee D. trustor - CORRECT ANSWERSC. mortgagee Which of the following methods that might be employed to sell a mortgaged property is best for the seller in regard to future legal resonsibilites? A. an assumption without release B. a contract for deed sale C. a cash-out sale D. a wrap-around mortgage -...