Champion School Of Real Estate

Sending monthly payment statements and collecting monthly payments, maintaining payment records and following up on delinquencies. - ANS Servicing The process of creating a new mortgage loan - ANS Origination The process of collecting information about a borrower in order to build a loan file that will be used to make an underwriting decision - ANS Loan Processing The process of transferring funds to a title or escrow company for disbursement - ANS Funding The process o...

Loan Estimate (LE) - ANS A document delivered or mailed to customers by a lender within 3 business days of mortgage application. The _______ ______ provides an estimate of closing costs and fees as well as the loan terms. Appraisal Independence Requirements (AIR) - ANS Prohibit a mortgage lender, broker, or a real estate agent or broker pressuring an appraiser to reach certain value in conjunction with an appraisal of real property. Periodic Rate Cap - ANS Is a limitation on ho...

Primary Mortgage Market - ANS The market where borrowers and mortgage originators come together to negotiate terms and effectuate mortgage transaction. Mortgage brokers, mortgage bankers, credit unions and banks are all part of the primary mortgage market. Secondary Mortgage Market - ANS A market for the purchase and sale of existing mortgages designed to provide greater liquidity for selling mortgages. Commercial Banks - ANS Working capital is primarily generated through depos...

A market for the purchase and sale of existing mortgages designed to provide greater liquidity for selling mortgages is called the ________. - ANS secondary market The Federal agency established to restore Fannie Mae and Freddie Mac to a sound and solvent financial condition is _____. - ANS Federal Housing Finance Agency (FHFA) The ____ guarantee allows mortgage lenders to obtain a better price for their loan in the capital markets. - ANS Gov't. National Mortgage Association - ...

Real estate Marketing Power House Training (SAE)- OC.

Champions Power House Training Exam 2024

Champion School of Real Estate Latest Update 100% Pass Brokerage The aspect of the real estate business that pertains to overseeing the needs of the parties and completing a transaction Property Managers are generally responsible for the following Day to Day operations, Maintenance and Tenant Relations RMLO Mortgage Brokers are known as NAR The largest trade organization representing real estate professionals is Value A fair return or equivalent in goods, services, or money f...

Brokerage - Answer-The aspect of the real estate business that pertains to overseeing the needs of the parties and completing a transaction Property Managers are generally responsible for the following - Answer-Day to Day operations, Maintenance and Tenant Relations RMLO - Answer-Mortgage Brokers are known as NAR - Answer-The largest trade organization representing real estate professionals is Value - Answer-A fair return or equivalent in goods, services, or money for something exchanged ...

Champions Powerhouse Training SAE| 146 Questions With 100% Correct Answers 2024|2025 An area of neighborhoods or subdivisions that Is serviced by your firm. Correct Answer: Geographic Farm A plan by which you develop to gain name Recognition Correct Answer: Marketing Plan Becoming different in your approach through Growth and development Correct Answer: differentiate All the properties in a particular price range, In the area your firm services Correct Answer: economic farm Word...

Brokerage -ANSWER-The aspect of the real estate business that pertains to overseeing the needs of the parties and completing a transaction Property Managers are generally responsible for the following -ANSWER-Day to Day operations, Maintenance and Tenant Relations RMLO -ANSWER-Mortgage Brokers are known as NAR -ANSWER-The largest trade organization representing real estate professionals is Value -ANSWER-A fair return or equivalent in goods, services, or money for something exchanged ...