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MORTGAGE EDUCATORS ALL EXAM QUESTIONS WITH ANSWERS 2025/2026 GRADED A+
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---10februari 20252024/2025A+
- MORTGAGE EDUCATORS ALL EXAM QUESTIONS WITH 
ANSWERS 2025/2026 GRADED A+ 
In the mortgage business, what does the word "term" refer to? - The length of time of 
the loan 
What is a mortgage or trust deed? - The document that creates a lien against the 
property 
Negative amortization happens when the: - payment is less than the required interest 
amount and the loan balance increases. 
An interest rate at PAR would be? - An interest rate with no YSP 
When FNMA or FHLMC loan limits are excee...
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BOARDWALK
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Mortgage Educators Questions and Correct Detailed Answers (Verified Answers) ||Already Graded A+||Newest Version
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---33februari 20252024/2025A+
- Quiz: What is the name of Fannie Mae's automated underwriting system? 
Ans: Desktop Underwriter 
Quiz: Regarding a balloon loan, which is the most correct? 
Ans: The balloon is disclosed on the Note and the Trust Deed Ride 
Quiz: The 1003 is which of the following? 
Ans: The Uniform Residential Loan Application 
Quiz: What is the name of Freddie Mac's automated underwriting system? 
Ans: Loan Prospector 
Quiz: Which of the following is not an acceptable source for the borrower's 
down ...
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Guru01
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2025 MORTGAGE EDUCATORS QUESTIONS WITH ANSWERS GRADED A+ 2025/2026
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---8februari 20252024/2025A+
- 2025 MORTGAGE EDUCATORS QUESTIONS WITH 
ANSWERS GRADED A+ 2025/2026 
Which of the following is true of the Home Toolkit booklet? - If there js multiple 
borrowers it is only required to be given to one of them 
A mortgage broker pays for title services on behalf of the developer. In return the 
developer agrees to refer prospective buyers to the mortgage broker? Who has violated 
RESPA - Both 
John and Jane brown are co owners of a property that is their principal resistance and 
are entering in...
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BOARDWALK
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2025 MORTGAGE EDUCATORS PRACTICE TEST EXAM QUESTIONS WITH ANSWERS GRADED A+ 2025/2026
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---8februari 20252024/2025A+
- 2025 MORTGAGE EDUCATORS PRACTICE TEST EXAM 
QUESTIONS WITH ANSWERS GRADED A+ 2025/2026 
A mortgage broker is unable to assist a client and refers him to another mortgage 
broker for originating services. The second broker pays the referring broker a fee for 
providing the lead. Which of the following is correct. - Payment lf the fee is illegal. 
Air loan - A fictitious borrower obtains a mortgage and secures it with fictitious property 
Statement that would be permissible when communicating with...
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BOARDWALK
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Tentamen (uitwerkingen)
2025 MORTGAGE EDUCATORS EXAM QUESTIONS WITH ANSWERS GRADED A+ 2025/2026
-
---10februari 20252024/2025A+
- 2025 MORTGAGE EDUCATORS EXAM QUESTIONS WITH 
ANSWERS GRADED A+ 2025/2026 
ALTA is the acronym for: - American Land Title Association. 
COFI is the acronym for: - Cost of Funds Index. 
CRV is the acronym for - Certificate of Reasonable Value. 
FDIC is the acronym for: - Federal Deposit Insurance Corporation. 
What are the qualifying ratios on an FHA loan when manually underwritten? - 31/43 
What loan requires an upfront mortgage insurance fee? - FHA 
On an FHA loan, the discount points can be pai...
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BOARDWALK
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2025 MORTGAGE EDUCATORS ACTUAL EXAM STUDY GUIDE QUESTIONS WITH ANSWERS GRADED A+ 2025/2026
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---8februari 20252024/2025A+
- 2025 MORTGAGE EDUCATORS ACTUAL EXAM STUDY 
GUIDE QUESTIONS WITH ANSWERS GRADED A+ 
2025/2026 
A home purchase - In which of the followinf transactions must the CFPB's "your home 
loan tool kit" booklet be provides? 
Joan Johnson is a salesperson who is paid 100% commission. What type of 
documentation would you ask her to provide as proof of her income for loan 
qualification? - Tax returns for the past two years. 
Mr. Cyril Cagney is paid $1,800 semi monthly. What is his monthly qualif...
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BOARDWALK
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Tentamen (uitwerkingen)
Mortgage Educators Exam With Latest Questions And Answers. Updated And Verified.
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---10januari 20252024/2025A+
- Mortgage Educators Exam With Latest 
Questions And Answers. Updated And 
Verified. 
What is the name of Fannie Mae's automated underwriting system? - AnswerDesktop 
Underwriter 
Regarding a balloon loan, which is the most correct? - AnswerThe balloon is disclosed on the 
Note and the Trust Deed Ride 
The 1003 is which of the following? - AnswerThe Uniform Residential Loan Application 
What is the name of Freddie Mac's automated underwriting system? - AnswerLoan 
Prospector 
Which of the fo...
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Brainbarter