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SAFE Mortgage Loan Originator Bundled Exams with complete solution | everything you need
Originator Bundled Exams with complete solution | everything you need
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SAFE Mortgage Loan Originator | 96 Questions and Answers(A+ Solution guide)
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requalification - 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 - Re...
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Add to cartrequalification - 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 - Re...
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S.A.F.E Mortgage Loan Originator | Questions and Answers(A+ Solution guide)
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GLBA - Gramm-Leah-Bliley Act FTC - Federal Trade Commission FCC - Federal Communications Commission NPI - Non-public Personal Information Consumer - Individual who obtains financial services for personal use Customer - Continuing relationship with a financial institute EBR - Established Busine...
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Add to cartGLBA - Gramm-Leah-Bliley Act FTC - Federal Trade Commission FCC - Federal Communications Commission NPI - Non-public Personal Information Consumer - Individual who obtains financial services for personal use Customer - Continuing relationship with a financial institute EBR - Established Busine...
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SAFE Mortgage Loan Originator Test - National 255 Component with Uniform State Content| Questions and Answers(A+ Solution guide)
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What does UST stand for? - Uniform State Test Who does the CFPB protect? - The Consumer Financial Protection Bureau protects consumers in the financial marketplace. What does the CFPB do? - CFPB is now in charge of implementing and enforcing most of the provisions of federal lending laws that re...
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Add to cartWhat does UST stand for? - Uniform State Test Who does the CFPB protect? - The Consumer Financial Protection Bureau protects consumers in the financial marketplace. What does the CFPB do? - CFPB is now in charge of implementing and enforcing most of the provisions of federal lending laws that re...
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The SAFE Mortgage Loan Originator National Exam Study Guide practice exam 2 | 100 Questions and Answers(A+ Solution guide)
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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...
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Add to cart1. 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...
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Mortgage Loan Originator| Questions and Answers(A+ Solution guide)
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What does RESPA stand for? - The Real Estate Settlement Procedures Act (Regulation X) What does ECOA stand for? - Equal Credit Opportunity Act (Regulation B) What does TILA stand for? - Truth In Lending Act (Regulation Z) What does TRID stand for? - TILA-RESPA Integrated Disclosure Rule (a.k.a. ...
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Add to cartWhat does RESPA stand for? - The Real Estate Settlement Procedures Act (Regulation X) What does ECOA stand for? - Equal Credit Opportunity Act (Regulation B) What does TILA stand for? - Truth In Lending Act (Regulation Z) What does TRID stand for? - TILA-RESPA Integrated Disclosure Rule (a.k.a. ...
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