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Loan-to-Value Ratio (LTV) - ANSWERSThe percentage of the lesser of the appraised value or sales price that the lender will lend. ex: If a borrower is approved for an 80% loan, it means that the lender will loan up to 80% of the sales price or appraised value, whichever is lower. Package Mortga...
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Add to cartLoan-to-Value Ratio (LTV) - ANSWERSThe percentage of the lesser of the appraised value or sales price that the lender will lend. ex: If a borrower is approved for an 80% loan, it means that the lender will loan up to 80% of the sales price or appraised value, whichever is lower. Package Mortga...
mortgage Broker - ANSWERFunctions as a middleman between the borrower and the lender, negotiating, selling or arranging loans to be delivered to large investors Mortgage Banker - ANSWERProvide their own funds for the purpose of providing mortgage financing Correspondent Lender - ANSWERSmaller ...
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Add to cartmortgage Broker - ANSWERFunctions as a middleman between the borrower and the lender, negotiating, selling or arranging loans to be delivered to large investors Mortgage Banker - ANSWERProvide their own funds for the purpose of providing mortgage financing Correspondent Lender - ANSWERSmaller ...
_____ is the consummation of a contractual real estate transaction in which all appropriate documents are signed, and the mortgage loan proceeds are disbursed by the lender. - ANSWERClosing The primary determinants of real estate values are supply and _____. - ANSWERDemand _____ is something o...
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Add to cart_____ is the consummation of a contractual real estate transaction in which all appropriate documents are signed, and the mortgage loan proceeds are disbursed by the lender. - ANSWERClosing The primary determinants of real estate values are supply and _____. - ANSWERDemand _____ is something o...
Origination - ANSWERThe process of creating a new mortgage loan, including all steps taken by a lender to attract and qualify a borrower Credit reports will be ordered, in most cases from all three major national credit reporting agencies: - ANSWERExperian, Equifax, and TransUnion Not all cred...
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Add to cartOrigination - ANSWERThe process of creating a new mortgage loan, including all steps taken by a lender to attract and qualify a borrower Credit reports will be ordered, in most cases from all three major national credit reporting agencies: - ANSWERExperian, Equifax, and TransUnion Not all cred...
Loan Processing - ANSWERSThe process of collecting information about a borrower in order to build a loan file that will be used to make an underwriting decision. Underwriting - ANSWERSThe process of evaluating a borrower's loan application to determine the risk involved for the lender. Fundin...
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Add to cartLoan Processing - ANSWERSThe process of collecting information about a borrower in order to build a loan file that will be used to make an underwriting decision. Underwriting - ANSWERSThe process of evaluating a borrower's loan application to determine the risk involved for the lender. Fundin...
Loan Processing - ANSWERSThe process of collecting information about a borrower in order to build a loan file that will be used to make an underwriting decision Underwriting - ANSWERSThe process of evaluating a borrower's loan application to determine the risk involved for the lender Funding ...
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Add to cartLoan Processing - ANSWERSThe process of collecting information about a borrower in order to build a loan file that will be used to make an underwriting decision Underwriting - ANSWERSThe process of evaluating a borrower's loan application to determine the risk involved for the lender Funding ...
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Federal National Mortgage Association (FNMA) known as, Fannie Mae - ANSWERSbegan in 1938 as an agency of the federal government In 1968, Fannie Mae became a privately owned and managed corporation Fannie Mae operates exclusively in the secondary market and provides support to mortgage lending instit...
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Add to cartFederal National Mortgage Association (FNMA) known as, Fannie Mae - ANSWERSbegan in 1938 as an agency of the federal government In 1968, Fannie Mae became a privately owned and managed corporation Fannie Mae operates exclusively in the secondary market and provides support to mortgage lending instit...
VA loan requirements - ANSWERS· Must be honorably discharged · Must meet service requirements · Time frame of service; number of days active duty · Must obtain certificate of eligibility Loan terminology - origination, funding, underwriting, servicing - ANSWERS· Origination: Process of cr...
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Add to cartVA loan requirements - ANSWERS· Must be honorably discharged · Must meet service requirements · Time frame of service; number of days active duty · Must obtain certificate of eligibility Loan terminology - origination, funding, underwriting, servicing - ANSWERS· Origination: Process of cr...
Character, Credit Score, Capacity, Capitol, and Collateral - ANSWERSWhat do creditors use to approve loans? Par Loan - ANSWERSA loan that is made at the current market rate of interest. Origination - ANSWERSThe process of creating a new mortgage loan, including all steps taken by a lender, to ...
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Add to cartCharacter, Credit Score, Capacity, Capitol, and Collateral - ANSWERSWhat do creditors use to approve loans? Par Loan - ANSWERSA loan that is made at the current market rate of interest. Origination - ANSWERSThe process of creating a new mortgage loan, including all steps taken by a lender, to ...
Real Estate Finance – Champions Questions And Answers 100% Correct! Real Estate Finance – Champions Questions And Answers 100% Correct! Real Estate Finance – Champions Questions And Answers 100% Correct! Real Estate Finance – Champions Questions And Answers 100% Correct! Real Est...
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lenders bear less risk in making an FHA loan beacuse the FHA - ANSWERSFHA is default insurance that will pay a claim to a lender in the event of a default by the homeowner portfolio loan - ANSWERSretained by the lender and it is not sold in the secondary market. commercial banks are active in res...
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Add to cartlenders bear less risk in making an FHA loan beacuse the FHA - ANSWERSFHA is default insurance that will pay a claim to a lender in the event of a default by the homeowner portfolio loan - ANSWERSretained by the lender and it is not sold in the secondary market. commercial banks are active in res...
VA Loan Requirements - ANSWERS- must be honorably discharged - must meet service requirements - time frame of service; number of days active duty - must obtain certificate of eligibility (COE) Loan Terminology - origination, funding, underwriting, servicing - ANSWERS1) Origination - process of...
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Add to cartVA Loan Requirements - ANSWERS- must be honorably discharged - must meet service requirements - time frame of service; number of days active duty - must obtain certificate of eligibility (COE) Loan Terminology - origination, funding, underwriting, servicing - ANSWERS1) Origination - process of...
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Champions School of Real Estate - Real Estate Finance Questions And Answer 100% Correct! A loan unable to be sold to Fannie Mae Champions School of Real Estate - Real Estate Finance Questions And Answer 100% Correct! A loan unable to be sold to Fannie Mae Champions School of Real Estate - ...
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appurtenance - ANSWERSterm used to describe rights, privileges or improvements that belong to and pass with the land improvements - ANSWERSman's additions to the land such as building and landscaping personal property - ANSWERSalso called chattel or personalty; a right or interest in smiting ...
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Add to cartappurtenance - ANSWERSterm used to describe rights, privileges or improvements that belong to and pass with the land improvements - ANSWERSman's additions to the land such as building and landscaping personal property - ANSWERSalso called chattel or personalty; a right or interest in smiting ...
For all practical purposes, an "Alienation Clause" is basically the same as a: a) Call Clause b) Acceleration Clause c) Due on Sale Clause d) Defeasance Clause - ANSWERSc) Due on Sale Clause When the lender determines the amount of money to loan to a borrower by using a percentage of the pr...
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Add to cartFor all practical purposes, an "Alienation Clause" is basically the same as a: a) Call Clause b) Acceleration Clause c) Due on Sale Clause d) Defeasance Clause - ANSWERSc) Due on Sale Clause When the lender determines the amount of money to loan to a borrower by using a percentage of the pr...
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The sequence of the five-step financing process is generally Funding/Closing, Servicing - ANSWERSApplication, Analysis/Processing, Qualifying/Underwriting, Funding/Closing, Servicing The Federal Reserve System consists of __ reserve districts, and __ board members. - ANSWERS12/7 interest-bear...
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Add to cartThe sequence of the five-step financing process is generally Funding/Closing, Servicing - ANSWERSApplication, Analysis/Processing, Qualifying/Underwriting, Funding/Closing, Servicing The Federal Reserve System consists of __ reserve districts, and __ board members. - ANSWERS12/7 interest-bear...
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Mortgage Loans - ANSWERSMost common choice for financing real property. Can be conventional or non-conventional Conventional Loan - ANSWERSNeither federally insured nor guaranteed Non-conventional Loan - ANSWERSFederally insured/guaranteed mortgage loans to encourage ownership (FHA, VA, USDA) ...
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Add to cartMortgage Loans - ANSWERSMost common choice for financing real property. Can be conventional or non-conventional Conventional Loan - ANSWERSNeither federally insured nor guaranteed Non-conventional Loan - ANSWERSFederally insured/guaranteed mortgage loans to encourage ownership (FHA, VA, USDA) ...
Real Estate finance practice exam 2024 Questions & Answers 100% Correct! Real Estate finance practice exam 2024 Questions & Answers 100% Correct! Real Estate finance practice exam 2024 Questions & Answers 100% Correct! Real Estate finance practice exam 2024 Questions & Answers 100% Correct!...
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Real Estate Finance - ANSWERSThe study of the institutions, markets and instruments used to transfer money and credit for the purpose of developing or acquiring real property. Real Property - ANSWERSThe rights, power, and privileges associated with the use of real estate. Real Estate - ANSWERS...
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Add to cartReal Estate Finance - ANSWERSThe study of the institutions, markets and instruments used to transfer money and credit for the purpose of developing or acquiring real property. Real Property - ANSWERSThe rights, power, and privileges associated with the use of real estate. Real Estate - ANSWERS...
Three of the major credit data repositories: - ANSWERSExperian, Equifax, TransUnion The process of creating a new mortgage loan: - ANSWERSOrigination Loan application to determine the risk involved for lender is defined as: - ANSWERSUnderwriting Fiscal policy, which is related to Federal Go...
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Add to cartThree of the major credit data repositories: - ANSWERSExperian, Equifax, TransUnion The process of creating a new mortgage loan: - ANSWERSOrigination Loan application to determine the risk involved for lender is defined as: - ANSWERSUnderwriting Fiscal policy, which is related to Federal Go...
origination - ANSWERSprocess of creating a new mortgage loan funding - ANSWERSThe process of transferring funds to a title or escrow company for disbursement underwriting - ANSWERSprocess of evaluating a borrowers loan application to determine the risk involved for the lender servicing - AN...
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Add to cartorigination - ANSWERSprocess of creating a new mortgage loan funding - ANSWERSThe process of transferring funds to a title or escrow company for disbursement underwriting - ANSWERSprocess of evaluating a borrowers loan application to determine the risk involved for the lender servicing - AN...
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