Nml - Study guides, Class notes & Summaries

NMLS TEST PRACTICE - 20 HOUR SAFE

NMLS SAFE EXAM 2024 QUESTIONS AND ANSWERS ALREADY PASSED What does TILA stand for? Truth-In-Lending Act, Regulation Z What is a HELOC loan? a secured loan in that you are borrowing against the equity that has been built in your house What is a REFI loan? LTV stands for Loan to Value Define PMI and state what the acronym stands for. Private mortgage insurance- on conventional loans Define one time variable funding fee and people in what situations is it waived for? Disabled ...

CALIFORNIA STATE NMLS PRACTICE TEST

MLO SAFE NMLS SAFE TEST PRACTICE QUESTIONS AND ANSWERS SOLVED AND VERIFIED 100%

NMLS SAFE EXAM PREP

CNML Test with Complete Solutions 2024/2025 DRGs - Correct Answer Diagnostic-Related Groups: payment rate based on specific diagnoses Prospective Payment System - Correct Answer Used by Medicare-participating hospitals: pretreatment diagnosis billings based on DRGs; rate decided ahead of time between insurance companies and hospitals Exclusive Provider - Correct Answer Used by HMO's: insurance coverage for contracted providers or institutions HMOs - Correct Answer Health maintenance o...

NMLS SAFE EXAM QUESTIONS AND ANSWERS

Primary Mortgage Market Answer - Where credit institutions originate loans C. The maximum the rate can increase over the life of the loan Answer - When an ARM has rate caps of 5/2/6, the 6 refers to what? A. The maximum rate increase at the initial adjustment B. The start rate for the loan C. The maximum the rate can increase over the life of the loan D. The rate maximum the rate can decrease over the life of the loan B. The borrower qualified at the buydown rate Answer - When utilizi...

Why are rumors and gossip dangerous? - ️️Rumors and gossip are dangerous in organizations because of their effect on teamwork and morale. Gossip is generally assumed to have some piece of factual basis, however in order to be believed the parties must suspend disbelief and recognition of any contradictory information that exists in order to perpetuate the story. Rumors and gossip can be harmful when they translate into inaccurate information and innuendo, which can lower trust, morale, ...

NMLS SAFE ACT MLO Exam - Ethics and Fraud Questions and Answers Already Passed A lender provides a borrower with an initial amortization schedule for Private Mortgage Insurance (PMI) disclosure at loan closing for an adjustable-rate mortgage. The lender MUST also provide a written notice stating the A. Lender's right to increase the monthly payment amount for PMI B. Borrower's right to refuse a PMI C. Lender's right to extend the time for monthly payments for a PMI D. Borrower...