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Mortgage Loan Originator Bundled Exams with Complete Solution | Verified Answers | 2024
Mortgage Loan Originator Bundled Exams with Complete Solution | Verified Answers | 2024
[Show more]Mortgage Loan Originator Bundled Exams with Complete Solution | Verified Answers | 2024
[Show more]Mortgage loan originators who make cold calls must comply with the requirements of the National DoNot-Call rules. The loan originator needs to update any download of the registry at least every: 
31 days 
18 Months 
7 days 
Year - 31 Days 
The appraisal approach that is used as the best indicator of...
Preview 2 out of 15 pages
Add to cartMortgage loan originators who make cold calls must comply with the requirements of the National DoNot-Call rules. The loan originator needs to update any download of the registry at least every: 
31 days 
18 Months 
7 days 
Year - 31 Days 
The appraisal approach that is used as the best indicator of...
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...
Preview 2 out of 9 pages
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...
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...
Preview 4 out of 35 pages
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...
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. ...
Preview 2 out of 7 pages
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. ...
An application for a mortgage loan has been denied and, as required by Regulation B, an Adverse Action 
Notice has been delivered to the applicant. Which of the following is not included on the Adverse Action 
Notice? 
a. Disclosure of the applicant's credit score 
b. Statement of reasons for credi...
Preview 3 out of 25 pages
Add to cartAn application for a mortgage loan has been denied and, as required by Regulation B, an Adverse Action 
Notice has been delivered to the applicant. Which of the following is not included on the Adverse Action 
Notice? 
a. Disclosure of the applicant's credit score 
b. Statement of reasons for credi...
An application for a mortgage loan has been denied and, as required by Regulation B, an Adverse Action 
Notice has been delivered to the applicant .Which of the following is not included on the Adverse Action 
Notice? - C. The right to dispute the credit denial 
Under the Home Ownership Equity Prote...
Preview 2 out of 10 pages
Add to cartAn application for a mortgage loan has been denied and, as required by Regulation B, an Adverse Action 
Notice has been delivered to the applicant .Which of the following is not included on the Adverse Action 
Notice? - C. The right to dispute the credit denial 
Under the Home Ownership Equity Prote...
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