Correspondent lender Study guides, Class notes & Summaries
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Practice NMLS test - 20 Hour Safe Exam Review Questions and Answers
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Practice NMLS test - 20 Hour Safe Exam Review Questions and Answers 
 
Which of the following would be ways that Fannie Mae impacts the primary mortgage market? 
a. it ultimately serves to provide additional funds for the primary market 
b. it influences lenders' standards for making mortgage loans 
c. both 
d. none - Answer-c. Fannie Mae buys mortgages in the secondary mortgage market which makes more funds available to lenders to make loans in the primary market. It also sets standards for th...
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Champions Real Estate Finance Exam Questions And Answers Rated A+ New Update Assured Satisfaction
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The percentage of the lesser of the appraised value or sales price that the lender will lend. 
ex: If a borrower is approved for an 80% loan, it means that the lender will loan up to 80% of the sales 
price or appraised value, whichever is lower. - Answer-Loan-to-Value Ratio (LTV) 
Includes both real and personal property ( fixtures and furnishings) - Answer-Package Mortgage 
Covers more than one piece of property. - Answer-Blanket Mortgage 
Method of financing which preserves the low, existing ...
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Xinnix Ground School Questions and Answers Already Graded A
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Xinnix Ground School Questions and 
Answers Already Graded A 
first-time homebuyer - Answer ️️ -Someone who has never owned a home 
Move-up homebuyer - Answer ️️ -Currently owns, or has previously owned a home and is 
looking to move up in price, location, size, etc. 
Relocation Homebuyer - Answer ️️ -Purchasing a new home in a different city or state due to 
job transfer or personal desire 
Affluent homebuyer - Answer ️️ -Well seasoned in home buying process. Knowledgeable, 
fin...
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Champions real estate finance Correctly Answered 2024
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Champions real estate finance Correctly 
Answered 2024 
mortgage Broker - Answer -Functions as a middleman between the borrower and the lender, 
negotiating, selling or arranging loans to be delivered to large investors 
Mortgage Banker - Answer -Provide their own funds for the purpose of providing mortgage financing 
Correspondent Lender - Answer -Smaller in scale then mortgage bankers or brokers, these lenders 
typically extended loans with their own funds at their own risk 
Origination - Answ...
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Champions Real Estate Finance Practice Exam And Answers Rated A+ 2024.
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mortgage Broker - Answer Functions as a middleman between the borrower and the lender, negotiating, selling or arranging loans to be delivered to large investors 
 
Mortgage Banker - Answer Provide their own funds for the purpose of providing mortgage financing 
 
Correspondent Lender - Answer Smaller in scale then mortgage bankers or brokers, these lenders typically extended loans with their own funds at their own risk 
 
Origination - Answer The process of creating a new mortgage loan ...
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Champions real estate finance with Correct Solutions Latest
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Champions real estate finance with Correct 
Solutions Latest 
Loan-to-Value Ratio (LTV) - Answer -The percentage of the lesser of the appraised value or sales price 
that the lender will lend. 
ex: If a borrower is approved for an 80% loan, it means that the lender will loan up to 80% of the sales 
price or appraised value, whichever is lower. 
Package Mortgage - Answer -Includes both real and personal property ( fixtures and furnishings) 
Blanket Mortgage - Answer -Covers more than one piece of...
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Champions School of Real Estate - Real Estate Finance exam Correctly Answered 2024
- Exam (elaborations) • 142 pages • 2024
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Champions School of Real Estate - Real 
Estate Finance exam Correctly Answered 
2024 
Loan-to-Value Ratio (LTV) - Answer -The percentage of the lesser of the appraised value or sales price 
that the lender will lend. 
ex: If a borrower is approved for an 80% loan, it means that the lender will loan up to 80% of the sales 
price or appraised value, whichever is lower. 
Package Mortgage - Answer -Includes both real and personal property ( fixtures and furnishings) 
Blanket Mortgage - Answer -Cover...
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Xinnix Final Exam Questions and Answers 100% Pass
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Xinnix Final Exam Questions and Answers 100% Pass 
A veteran has the ability to transfer a portion of their entitlement to another veteran. - 
Answer- False 
1. Gross rent may be considered effective income when an applicant is planning to rent 
their current residence after closing on the purchase of their new home. - Answer- False 
Based on the following scenario, does the borrower qualify within FNMA guidelines? 
PITI: $1,725 monthly 
Income: $7,000 
Debt: $700 car payment, $375 student loan ...
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Champions real estate finance Questions & Correct Answers/ Graded A+
- Exam (elaborations) • 21 pages • 2024
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mortgage Broker 
: Functions as a middleman between the borrower and the lender, negotiating, selling or 
arranging loans to be delivered to large investors 
Mortgage Banker 
: Provide their own funds for the purpose of providing mortgage financing 
Correspondent Lender 
: Smaller in scale then mortgage bankers or brokers, these lenders typically extended loans with 
their own funds at their own risk 
Origination 
: The process of creating a new mortgage loan 
Underwriting 
: Detailed process ...
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Xinnix Ground School Questions and Answers Already Graded A
- Exam (elaborations) • 8 pages • 2024
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Xinnix Ground School Questions and 
Answers Already Graded A 
first-time homebuyer - Answer ️️ -Someone who has never owned a home 
Move-up homebuyer - Answer ️️ -Currently owns, or has previously owned a home and is 
looking to move up in price, location, size, etc. 
Relocation Homebuyer - Answer ️️ -Purchasing a new home in a different city or state due to 
job transfer or personal desire 
Affluent homebuyer - Answer ️️ -Well seasoned in home buying process. Knowledgeable, 
fin...
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