Nmls test prep - Study guides, Class notes & Summaries

The interest rate given by banks to their customers is called the: A borrower applies for a loan. After accessing the borrower's credit, the loan is denied. Which of the following must occur? According to Regulation B, which of the following is not recommended? Which of the following are NOT required in connection with an application to a state for licensing as a mortgage loan originator? Buyers purchased a home for $175,900. They put 10% down, and were charged an origination fe...

UST Test Prep 1 Exam Questions With Verified Answers A loan originator who applies to be licensed again must: - answercomplete the Continuing Education requirements for the last year in which the license was held A loan originator is: - answerAn individual who takes a residential mortgage loan application and offers or negotiates terms of a residential mortgage loan for compensation or gain All of the following are required to be licensed except: - answeran individual negotiating a reside...

NMLS Test Prep CompuCram Test | Questions with 100% Correct Answers | Latest Update 2024 | Verified

UST Test Prep 3 Questions and Answers 2024 Which of the following would NOT be considered an administrative or clerical task? - ANS ️️ Bringing together parties interested in the mortgage of a property Background checks performed by the Regulatory Authority do not include: - ANS ️️ medical findings by a governmental agency The Regulatory Authority may do any of the following if an applicant fails to meet requirements for receiving a license except: - ANS ️️ issue a license It ...

UST Test Prep 1 Questions and Answers 2024 A loan originator who applies to be licensed again must: - ANS ️️ complete the Continuing Education requirements for the last year in which the license was held A loan originator is: - ANS ️️ An individual who takes a residential mortgage loan application and offers or negotiates terms of a residential mortgage loan for compensation or gain All of the following are required to be licensed except: - ANS ️️ an individual negotiating a r...

UST Test Prep 1 Question and answer 100% correct 2024 A loan originator who applies to be licensed again must: - correct answer complete the Continuing Education requirements for the last year in which the license was held A loan originator is: - correct answer An individual who takes a residential mortgage loan application and offers or negotiates terms of a residential mortgage loan for compensation or gain All of the following are required to be licensed except: - correct answer ...