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RMLO CHAMPIONS SCHOOL OF REAL ESTATE EXAM PACKAGE DEAL
RMLO CHAMPIONS SCHOOL OF REAL ESTATE EXAM PACKAGE DEAL
[Meer zien]RMLO CHAMPIONS SCHOOL OF REAL ESTATE EXAM PACKAGE DEAL
[Meer zien]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 ...
Voorbeeld 2 van de 10 pagina's
In winkelwagenA 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 ...
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 ...
Voorbeeld 3 van de 20 pagina's
In winkelwagenPrimary 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 ...
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...
Voorbeeld 4 van de 34 pagina's
In winkelwagenLoan 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...
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 lo...
Voorbeeld 2 van de 8 pagina's
In winkelwagenSending 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 lo...
Mortgage loan originators who make cold calls must comply with the requirements of the National Do-NotCall registry and the Do-Not-Call rules. The loan originator needs to update any download of the registry at least every: - ANS 31 days 
 
The appraisal approach that is used as the best indicat...
Voorbeeld 2 van de 9 pagina's
In winkelwagenMortgage loan originators who make cold calls must comply with the requirements of the National Do-NotCall registry and the Do-Not-Call rules. The loan originator needs to update any download of the registry at least every: - ANS 31 days 
 
The appraisal approach that is used as the best indicat...
RMLO - ANS Residential Mortgage Loan Originator 
 
Riparian Rights - ANS Unrestricted rights granted to owners of land located along the course of a river or stream. 
 
Littoral Rights - ANS Unrestricted rights granted to owners whose land borders oceans and large, navigable lakes that h...
Voorbeeld 4 van de 36 pagina's
In winkelwagenRMLO - ANS Residential Mortgage Loan Originator 
 
Riparian Rights - ANS Unrestricted rights granted to owners of land located along the course of a river or stream. 
 
Littoral Rights - ANS Unrestricted rights granted to owners whose land borders oceans and large, navigable lakes that h...
Brokerage - ANS 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 - ANS Day to Day operations, Maintenance and Tenant Relations 
 
RMLO - ANS Mortgage B...
Voorbeeld 3 van de 20 pagina's
In winkelwagenBrokerage - ANS 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 - ANS Day to Day operations, Maintenance and Tenant Relations 
 
RMLO - ANS Mortgage B...
_____ 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. - ANS Closing 
 
The primary determinants of real estate values are supply and _____. - ANS Demand 
 
_____ is somethi...
Voorbeeld 3 van de 21 pagina's
In winkelwagen_____ 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. - ANS Closing 
 
The primary determinants of real estate values are supply and _____. - ANS Demand 
 
_____ is somethi...
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