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RMLO CHAMPIONS SCHOOL OF REAL ESTATE EXAM PACKAGE DEAL
RMLO CHAMPIONS SCHOOL OF REAL ESTATE EXAM PACKAGE DEAL
- Pack
- • 8 éléments •
- RMLO CHAMPIONS SCHOOL OF REAL ESTATE EXAM QUESTIONS WITH CORRECT ANSWERS ALL VERIFIED BY AN EXPERT A+ GRADED (LATEST UPDATE) • Examen
- RMLO OF REAL ESTATE (CHAMPIONS) EXAM QUESTIONS WITH CORRECT ANSWERS ALL VERIFIED BY AN EXPERT A+ GRADED (LATEST UPDATE) • Examen
- CHAMPIONS SCHOOL OF REAL ESTATE (CSRE) 2022 EXAM QUESTIONS WITH CORRECT ANSWERS ALL VERIFIED BY AN EXPERT A+ GRADED (LATEST UPDATE) • Examen
- CHAMPIONS SCHOOL OF REAL ESTATE FINANCE EXAM QUESTIONS WITH CORRECT ANSWERS ALL VERIFIED BY AN EXPERT A+ GRADED (LATEST UPDATE) • Examen
- CHAMPIONS SCHOOL OF REAL ESTATE FINANCE EXAM QUESTIONS WITH CORRECT ANSWERS ALL VERIFIED BY AN EXPERT A+ GRADED (LATEST UPDATE) • Examen
- Et plus ….
RMLO CHAMPIONS SCHOOL OF REAL ESTATE EXAM PACKAGE DEAL
REAL ESTATE FINANCE CHAMPIONS SCHOOL EXAM QUESTIONS WITH CORRECT ANSWERS ALL VERIFIED BY AN EXPERT A+ GRADED (LATEST UPDATE)
Loan processing - ANS The process of collecting information about a borrower in order to build a loan file that will be used to make an underwriting decision Underwriting - ANS The process of evaluating a borrowers loan application to determine the risk involved for the lender Funding - ANS The process of transferring funds to a title or escrow company for disbursement Servicing - ANS Sending monthly payment statements and collecting monthly payments maintaining payment ...
- Examen
- • 18 pages •
Loan processing - ANS The process of collecting information about a borrower in order to build a loan file that will be used to make an underwriting decision Underwriting - ANS The process of evaluating a borrowers loan application to determine the risk involved for the lender Funding - ANS The process of transferring funds to a title or escrow company for disbursement Servicing - ANS Sending monthly payment statements and collecting monthly payments maintaining payment ...
CHAMPIONS REAL ESTATE FINANCE EXAM QUESTIONS WITH CORRECT ANSWERS ALL VERIFIED BY AN EXPERT A+ GRADED (LATEST UPDATE)
_____ is the consummation of a contractual real estate transaction in which all appropriate documents are signed, and the mortgage loan proceeds are disbursed by the lender. - ANS Closing The primary determinants of real estate values are supply and _____. - ANS Demand _____ is something of value that can be pledged as security for repayment of a loan. - ANS Collateral Servicing includes which of the following activities? - ANS Maintaining records of payment The monet...
- Package deal
- Examen
- • 21 pages •
_____ is the consummation of a contractual real estate transaction in which all appropriate documents are signed, and the mortgage loan proceeds are disbursed by the lender. - ANS Closing The primary determinants of real estate values are supply and _____. - ANS Demand _____ is something of value that can be pledged as security for repayment of a loan. - ANS Collateral Servicing includes which of the following activities? - ANS Maintaining records of payment The monet...
CHAMPIONS SCHOOL OF REAL ESTATE QUESTIONS WITH CORRECT ANSWERS ALL VERIFIED BY AN EXPERT A+ GRADED (LATEST UPDATE)
Brokerage - ANS The aspect of the real estate business that pertains to overseeing the needs of the parties and completing a transaction Property Managers are generally responsible for the following - ANS Day to Day operations, Maintenance and Tenant Relations RMLO - ANS Mortgage Brokers are known as NAR - ANS The largest trade organization representing real estate professionals is Value - ANS A fair return or equivalent in goods, services, or money for something ...
- Package deal
- Examen
- • 20 pages •
Brokerage - ANS The aspect of the real estate business that pertains to overseeing the needs of the parties and completing a transaction Property Managers are generally responsible for the following - ANS Day to Day operations, Maintenance and Tenant Relations RMLO - ANS Mortgage Brokers are known as NAR - ANS The largest trade organization representing real estate professionals is Value - ANS A fair return or equivalent in goods, services, or money for something ...
CHAMPIONS SCHOOL TEXAS (REALTOR) TEST PREP QUESTIONS WITH CORRECT ANSWERS ALL VERIFIED BY AN EXPERT A+ GRADED (LATEST UPDATE)
RMLO - ANS Residential Mortgage Loan Originator Riparian Rights - ANS Unrestricted rights granted to owners of land located along the course of a river or stream. Littoral Rights - ANS Unrestricted rights granted to owners whose land borders oceans and large, navigable lakes that have a tide. Fannie Mae (FNMA) 1938 - ANS The Federal National Mortgage Association, which is a congressionally chartered, shareholder-owned company that is the nation's largest supplier of h...
- Package deal
- Examen
- • 36 pages •
RMLO - ANS Residential Mortgage Loan Originator Riparian Rights - ANS Unrestricted rights granted to owners of land located along the course of a river or stream. Littoral Rights - ANS Unrestricted rights granted to owners whose land borders oceans and large, navigable lakes that have a tide. Fannie Mae (FNMA) 1938 - ANS The Federal National Mortgage Association, which is a congressionally chartered, shareholder-owned company that is the nation's largest supplier of h...
CHAMPIONS SCHOOL OF REAL ESTATE FINANCE EXAM QUESTIONS WITH CORRECT ANSWERS ALL VERIFIED BY AN EXPERT A+ GRADED (LATEST UPDATE)
Mortgage loan originators who make cold calls must comply with the requirements of the National Do-NotCall registry and the Do-Not-Call rules. The loan originator needs to update any download of the registry at least every: - ANS 31 days The appraisal approach that is used as the best indicator of value for existing properties is - ANS market data approach The Equal Credit Opportunity Act, is implemented by the CFPB's: - ANS regulation B FHA sellers are permitted to provi...
- Package deal
- Examen
- • 9 pages •
Mortgage loan originators who make cold calls must comply with the requirements of the National Do-NotCall registry and the Do-Not-Call rules. The loan originator needs to update any download of the registry at least every: - ANS 31 days The appraisal approach that is used as the best indicator of value for existing properties is - ANS market data approach The Equal Credit Opportunity Act, is implemented by the CFPB's: - ANS regulation B FHA sellers are permitted to provi...
CHAMPIONS SCHOOL OF REAL ESTATE FINANCE EXAM QUESTIONS WITH CORRECT ANSWERS ALL VERIFIED BY AN EXPERT A+ GRADED (LATEST UPDATE)
Sending monthly payment statements and collecting monthly payments, maintaining payment records and following up on delinquencies. - ANS Servicing The process of creating a new mortgage loan - ANS Origination The process of collecting information about a borrower in order to build a loan file that will be used to make an underwriting decision - ANS Loan Processing The process of transferring funds to a title or escrow company for disbursement - ANS Funding The process o...
- Package deal
- Examen
- • 8 pages •
Sending monthly payment statements and collecting monthly payments, maintaining payment records and following up on delinquencies. - ANS Servicing The process of creating a new mortgage loan - ANS Origination The process of collecting information about a borrower in order to build a loan file that will be used to make an underwriting decision - ANS Loan Processing The process of transferring funds to a title or escrow company for disbursement - ANS Funding The process o...
CHAMPIONS SCHOOL OF REAL ESTATE (CSRE) 2022 EXAM QUESTIONS WITH CORRECT ANSWERS ALL VERIFIED BY AN EXPERT A+ GRADED (LATEST UPDATE)
Loan Estimate (LE) - ANS A document delivered or mailed to customers by a lender within 3 business days of mortgage application. The _______ ______ provides an estimate of closing costs and fees as well as the loan terms. Appraisal Independence Requirements (AIR) - ANS Prohibit a mortgage lender, broker, or a real estate agent or broker pressuring an appraiser to reach certain value in conjunction with an appraisal of real property. Periodic Rate Cap - ANS Is a limitation on ho...
- Package deal
- Examen
- • 34 pages •
Loan Estimate (LE) - ANS A document delivered or mailed to customers by a lender within 3 business days of mortgage application. The _______ ______ provides an estimate of closing costs and fees as well as the loan terms. Appraisal Independence Requirements (AIR) - ANS Prohibit a mortgage lender, broker, or a real estate agent or broker pressuring an appraiser to reach certain value in conjunction with an appraisal of real property. Periodic Rate Cap - ANS Is a limitation on ho...
RMLO OF REAL ESTATE (CHAMPIONS) EXAM QUESTIONS WITH CORRECT ANSWERS ALL VERIFIED BY AN EXPERT A+ GRADED (LATEST UPDATE)
Primary Mortgage Market - ANS The market where borrowers and mortgage originators come together to negotiate terms and effectuate mortgage transaction. Mortgage brokers, mortgage bankers, credit unions and banks are all part of the primary mortgage market. Secondary Mortgage Market - ANS A market for the purchase and sale of existing mortgages designed to provide greater liquidity for selling mortgages. Commercial Banks - ANS Working capital is primarily generated through depos...
- Package deal
- Examen
- • 20 pages •
Primary Mortgage Market - ANS The market where borrowers and mortgage originators come together to negotiate terms and effectuate mortgage transaction. Mortgage brokers, mortgage bankers, credit unions and banks are all part of the primary mortgage market. Secondary Mortgage Market - ANS A market for the purchase and sale of existing mortgages designed to provide greater liquidity for selling mortgages. Commercial Banks - ANS Working capital is primarily generated through depos...
RMLO CHAMPIONS SCHOOL OF REAL ESTATE EXAM QUESTIONS WITH CORRECT ANSWERS ALL VERIFIED BY AN EXPERT A+ GRADED (LATEST UPDATE)
A market for the purchase and sale of existing mortgages designed to provide greater liquidity for selling mortgages is called the ________. - ANS secondary market The Federal agency established to restore Fannie Mae and Freddie Mac to a sound and solvent financial condition is _____. - ANS Federal Housing Finance Agency (FHFA) The ____ guarantee allows mortgage lenders to obtain a better price for their loan in the capital markets. - ANS Gov't. National Mortgage Association - ...
- Package deal
- Examen
- • 10 pages •
A market for the purchase and sale of existing mortgages designed to provide greater liquidity for selling mortgages is called the ________. - ANS secondary market The Federal agency established to restore Fannie Mae and Freddie Mac to a sound and solvent financial condition is _____. - ANS Federal Housing Finance Agency (FHFA) The ____ guarantee allows mortgage lenders to obtain a better price for their loan in the capital markets. - ANS Gov't. National Mortgage Association - ...
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