Loan origination exam 1 Study guides, Class notes & Summaries
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Aceable Agent - Principles of Real Estate II Exam 2023 with 100%Correct Answers.
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Aceable Agent - Principles of Real Estate II Exam 2023 with 100%Correct Answers. 
TOTAL = PART/PERCENTAGE 
PART = TOTAL x PERCENTAGE 
PERCENTAGE = PART/ TOTAL - correct answer -Formulas to calculate commission? 
PRINCIPAL - correct answer -What is the term that describes the money that is lent? 
CASH TO CLOSE - correct answer -Down payment minus earnest money? 
TOTAL SALES PRICE - correct answer -Loan payment + loan principal? 
ORIGINATION POINTS - correct answer -Loan points/fees charged 1% to ...
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Loan Origination Exam 1 questions 2023 with correct answers
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Higher-Priced Mortgage Loans (HPML) are defined as closed-end residential mortgage loans secured by the consumer's principal dwelling with an APR that exceed the average prime offer rate (APOR) for comparable transactions by: 
2.5 percentage points for a first lien jumbo residential mortgage loan. 
 
 
 
The Truth-In Lending Act requires residential mortgage loan originators to make certain "material disclosures" on loans subject to the Real Estate Settlement Procedures Act within three: 
Bus...
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REAL ESTATE FINANCE ICHAMPIONS EXAM QUESTIONS AND ANSWERS 2024 GRADED A+.
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REAL ESTATE FINANCE ICHAMPIONS EXAM QUESTIONS 
AND ANSWERS 2024 GRADED A+. 
2 / 32 
1. The minimum downpayment on a VA loan is: 
(a) 2% of the sales price 
(b) 0% of the sales price 
(c) 3.75% of the sales price 
(d) 1% of the sales price: B 
2. is the process of creating a new mortgage loan. 
(a) Origination 
(b) Funding 
(c) Underwriting 
(d) Servicing 
*: A 
3. A veteran can have more than one VA loan: 
(a) If the prior VA loan was paid in full and the property disposed of 
(b) The priorVA lo...
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Real Estate Finance I-CHAMPIONS Exam | 60 Questions and Answers.
- Exam (elaborations) • 15 pages • 2024
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Real Estate Finance I-CHAMPIONS Exam | 60 Questions and Answers. 
The minimum downpayment on a VA loan is: 
 
(a) 2% of the sales price 
 
(b) 0% of the sales price 
 
(c) 3.75% of the sales price 
 
(d) 1% of the sales price - Answer- B 
_________ is the process of creating a new mortgage loan. 
 
(a) Origination 
 
(b) Funding 
 
(c) Underwriting 
 
(d) Servicing 
* - Answer- A 
A veteran can have more than one VA loan: 
 
(a) If the prior VA loan was paid in full and the property disposed of ...
-
Real Estate Finance I-CHAMPIONS Exam Questions And Answers.
- Exam (elaborations) • 13 pages • 2024
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Real Estate Finance I-CHAMPIONS Exam Questions And Answers. 
The minimum downpayment on a VA loan is: 
 
(a) 2% of the sales price 
 
(b) 0% of the sales price 
 
(c) 3.75% of the sales price 
 
(d) 1% of the sales price 
B 
 
 
_________ is the process of creating a new mortgage loan. 
 
(a) Origination 
 
(b) Funding 
 
(c) Underwriting 
 
(d) Servicing 
A 
 
 
A veteran can have more than one VA loan: 
 
(a) If the prior VA loan was paid in full and the property disposed of 
 
(b) The prior V...
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Real Estate Finance I-CHAMPIONS Exam | 60 Questions and Answers.
- Exam (elaborations) • 15 pages • 2024
-
- $12.99
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Real Estate Finance I-CHAMPIONS Exam | 60 Questions and Answers. 
The minimum downpayment on a VA loan is: 
 
(a) 2% of the sales price 
 
(b) 0% of the sales price 
 
(c) 3.75% of the sales price 
 
(d) 1% of the sales price - Answer- B 
_________ is the process of creating a new mortgage loan. 
 
(a) Origination 
 
(b) Funding 
 
(c) Underwriting 
 
(d) Servicing 
* - Answer- A 
A veteran can have more than one VA loan: 
 
(a) If the prior VA loan was paid in full and the property disposed of ...
-
Aceable Agent - Principles of Real Estate II Exam 2023 with 100%Correct Answers.
- Exam (elaborations) • 24 pages • 2024
-
- $11.99
- + learn more
Aceable Agent - Principles of Real Estate II Exam 2023 with 100%Correct Answers. 
TOTAL = PART/PERCENTAGE 
PART = TOTAL x PERCENTAGE 
PERCENTAGE = PART/ TOTAL - correct answer -Formulas to calculate commission? 
PRINCIPAL - correct answer -What is the term that describes the money that is lent? 
CASH TO CLOSE - correct answer -Down payment minus earnest money? 
TOTAL SALES PRICE - correct answer -Loan payment + loan principal? 
ORIGINATION POINTS - correct answer -Loan points/fees charged 1% to ...
-
Aceable Agent - Principles of Real Estate II Exam 2023 with 100%Correct Answers.
- Exam (elaborations) • 24 pages • 2024
-
- $11.99
- + learn more
Aceable Agent - Principles of Real Estate II Exam 2023 with 100%Correct Answers. 
TOTAL = PART/PERCENTAGE 
PART = TOTAL x PERCENTAGE 
PERCENTAGE = PART/ TOTAL - correct answer -Formulas to calculate commission? 
PRINCIPAL - correct answer -What is the term that describes the money that is lent? 
CASH TO CLOSE - correct answer -Down payment minus earnest money? 
TOTAL SALES PRICE - correct answer -Loan payment + loan principal? 
ORIGINATION POINTS - correct answer -Loan points/fees charged 1% to ...
-
Real Estate Finance I-CHAMPIONS Exam | 60 Questions and Answers.
- Exam (elaborations) • 15 pages • 2024
-
- $12.99
- + learn more
Real Estate Finance I-CHAMPIONS Exam | 60 Questions and Answers. 
The minimum downpayment on a VA loan is: 
 
(a) 2% of the sales price 
 
(b) 0% of the sales price 
 
(c) 3.75% of the sales price 
 
(d) 1% of the sales price - Answer- B 
_________ is the process of creating a new mortgage loan. 
 
(a) Origination 
 
(b) Funding 
 
(c) Underwriting 
 
(d) Servicing 
* - Answer- A 
A veteran can have more than one VA loan: 
 
(a) If the prior VA loan was paid in full and the property disposed of ...
-
Superior School of Real Estate Final Exam| Questions and Answers, 100% Correct| Latest 2024
- Exam (elaborations) • 25 pages • 2024
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Superior School of Real Estate Final Exam| Questions and Answers, 100% Correct| Latest 2024 
Superior School of Real Estate Final Exam| 
Questions and Answers, 100% Correct| 
Latest 2024 
Which of the following would create legally binding acceptance of a written offer? 
The seller's agent emails the buyer's agent that the seller signed the offer as written. 
A broker is preparing a comparative market analysis (CMA) for a subject property 
with 3200 square feet. A comparable property has 27...
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