The SAFE Mortgage Loan Originator National

1) Mortgage loan fraud is reported at what level? correct answer: Federal 2) Title V of the Housing and Economic Recovery Act (HERA) of 2008 is best known as: correct answer: SAFE ACT 3) The Nationwide Mortgage Licensing System & Registry (NMLS) was begun by which of the following organizations: correct answer: CSBS and AARMR 4) The NMLS online system was built and is maintained by which of the following organizations: correct answer: FINRA 7) Which of the following agencies revi...

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 loan origination activity report to the NMLSR every: - B. Three months 5. How many years must loan originator applicants wait after a felony fraud conviction, in order to qualify for a license? ...