NACA Pre-Purchase Training exam questions and answers
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Course
Nan McKay
Institution
Nan McKay
What are NACA's Four Core Principles?
Wear Their Shoes, Take Ownership, Check & Verify, & Be Relentless.
Purchase Program
NACA has developed a comprehensive housing counseling program where Members are prepared for homeownership and are qualified to obtain mortgage financing. This includes a...
NACA Pre-Purchase Training
exam questions and answers
What are NACA's Four Core Principles?
Wear Their Shoes, Take Ownership, Check & Verify,
& Be Relentless.
Purchase Program
NACA has developed a comprehensive housing
counseling program where Members are prepared
for homeownership and are qualified to obtain
mortgage financing. This includes access to NACA's
extraordinary mortgage product that makes
affordable homeownership a reality - with no down
payment, no closing costs, no fees, no mortgage
insurance and a below market fixed interest rate.
What is the HomeSave Program?
NACA is America's largest and most effective
organization in providing affordable solutions for
homeowners with an existing unaffordable
mortgage payment. NACA negotiated legally
binding agreements with the major
lenders/servicers and investors to provide
affordable solutions. NACA's HomeSave Program
has one fundamental goal: to assist homeowners in
obtaining an affordable solution that will allow
them to keep their homes.
What is a HomeSave Advocate's goal?
, works with each Member individually to assist the
Member in establishing a household budget,
documenting income, preparing a hardship letter,
and assembling all required documents for
submission to the Member's servicer. The Advocate
works with the servicers and investors to achieve
an affordable solution.
What is NACA's membership objective?
The NACA Agreement governs membership and
participation in NACA's programs, services, the
NACA Mortgage, as well as all other campaigns,
outreach, ballot initiatives, advocacy, curricula,
and programs which NACA offers or will offer in the
future. The NACA Agreement also includes
authorization to access a Member's credit report
and other information, disclosures, releases,
responsibilities, obligations and privacy protection
matters.
How many departments do NACA have?
13 Departments.
What are the names of NACA's departments?
Operations, Mortgage, Real Estate, Home &
Neighborhood Development (HAND), Membership
Assistance Program (MAP), Member Services,
HomeSave, Advocacy, At Your Service (AYS), IT,
Accounting, HR, Training & Development
Departments.
When did NACA begin?
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