Nmls safe test compucram Study guides, Class notes & Summaries
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NMLS SAFE Test Compucram Questions with 100% Correct Answers | Latest Update 2024 | Verified
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NMLS SAFE Test Compucram Questions with 100% Correct Answers | Latest Update 2024 | Verified
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NMLS SAFE Test Compucram | Questions with 100% Correct Answers | Updated & Verified
- Exam (elaborations) • 3 pages • 2023
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A borrower who has a FICO score below 580, is required to make a minimum down payment of 
at least _____% for an FHA loan. - 10% 
What is the maximum seller concession for an FHA loan? - 6% 
When evaluating rental income that is not reported on current tax returns, the lender will use a 
portion of the gross rental income. The amount of the portion that can be used is - 75% 
What type of form would be used to verify down payment funds? - VOD=Verification of 
Deposit 
Effective April 2013, new FH...
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NMLS SAFE Test Compucram question and answers rated A+ 2023 passed
- Exam (elaborations) • 2 pages • 2023
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NMLS SAFE Test Compucram question and answers rated A+ 2023 passedA borrower who has a FICO score below 580, is required to make a minimum down payment of at least _____% for an FHA loan. - correct answer 10% 
 
What is the maximum seller concession for an FHA loan? - correct answer 6% 
 
When evaluating rental income that is not reported on current tax returns, the lender will use a portion of the gross rental income. The amount of the portion that can be used is - correct answer 75% 
 
What ty...
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NMLS Test Prep CompuCram Test Questions with 100% Correct Answers
- Exam (elaborations) • 15 pages • 2024
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NMLS Test Prep CompuCram Test 
Questions with 100% Correct Answers 
A borrower signs the note and mortgage for a refinance on his principal residence on 
Thursday, Dec. 31. What is the earliest day the funds for this loan could be disbursed 
(assuming no bona fide financial hardship)? - Correct Answer️️ -Wednesday, Jan. 6 
Who manages the National Do Not Call Registry? - Correct Answer️️ -Federal Trade 
Commission 
What federal legislation regulates credit reporting agencies and lenders ...
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NMLS SAFE Test Compucram | Questions with 100% Correct Answers | Latest Update 2024 | Verified
- Exam (elaborations) • 3 pages • 2023
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- $7.99
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NMLS SAFE Test Compucram | Questions with 100% Correct Answers | Latest Update 2024 | Verified
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