Nmls flashcards - Study guides, Class notes & Summaries
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NMLS Flashcards QUESTIONS AND ANSWERS RATED A+ 2023|2024 UPDATE
- Exam (elaborations) • 10 pages • 2024
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-AfBA/ABA stands for? 
-What is it? - correct answer -Affiliated Business Arrangement 
-If referring client to another business of yours (1%) then you must disclose ASAP
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NMLS FLASHCARDS 2022|UPDATED&VERIFIED|100% SOLVED|GUARANTEED SUCCESS
- Exam (elaborations) • 7 pages • 2023
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NMLS FLASHCARDS 2022|UPDATED&VERIFIED|100% SOLVED|GUARANTEED SUCCESS
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NMLS Flashcards 2022, Questions with accurate answers, Graded A+
- Exam (elaborations) • 7 pages • 2023
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NMLS Flashcards 2022, Questions with accurate answers, Graded A+ 
Document Content and Description Below 
NMLS Flashcards 2022, Questions with accurate answers, Graded A+ -AfBA/ABA stands for? -What is it? - -Affiliated Business Arrangement -If referring client to another business of yours (1 %) then you must disclose ASAP Other ways to say "Doc Signing" - -Loan consummation -Loan Settlement -Loan Closing What is an escrow account? - -account holding money for insurance/taxes -AKA "impound ac...
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NMLS flashcards #2 (Latest Update A+) & NMLS Test Prep (Latest 2023-2024 Update). Solved Latest Package Deal Solution. (A+ Grade)
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NMLS flashcards #2 (Latest Update A+)
A customer asks his mortgage broker for the name of a good title company. The broker 
has a list of several companies with whom she has done business with in the past. At 
what point according to RESPA must she give the customer an AfBA disclosure?
A. at least three days prior to closing
B. At the closing table
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NMLS Flashcards 2022 QUESTIONS WITH COMPLETE SOLUTIONS
- Exam (elaborations) • 5 pages • 2022
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AfBA/ABA stands for? 
-What is it? Correct Answer: -Affiliated Business Arrangement 
-If referring client to another business of yours (1%) then you must disclose ASAP 
 
Other ways to say "Doc Signing" Correct Answer: -Loan consummation 
-Loan Settlement 
-Loan Closing 
 
What is an escrow account? Correct Answer: -account holding money for insurance/taxes 
-AKA "impound account" or "reverse account" 
 
-What's an MU4? 
-What are requirements? Correct Answer: -Individual application ...
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NMLS Flashcards 2022/2023 question and answers
- Exam (elaborations) • 5 pages • 2023
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NMLS Flashcards 2022/2023 question and answers-AfBA/ABA stands for? 
-What is it? 
-Affiliated Business Arrangement 
-If referring client to another business of yours (1%) then you must disclose ASAP 
 
 
 
Other ways to say "Doc Signing" 
-Loan consummation 
-Loan Settlement 
-Loan Closing 
 
 
 
What is an escrow account? 
-account holding money for insurance/taxes 
-AKA "impound account" or "reverse account" 
 
 
 
-What's an MU4? 
-What are requirements? 
-Individual application after...
-
NMLS flashcards #2 (Latest Update A+) & NMLS Test Prep (Latest 2023-2024 Update).Solved questions and answers all in one package deal solution 2023 update. A+ Graded
- Package deal • 2 items • 2023
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NMLS Test Prep (Latest 2023-2024 Update)
A borrower receives $1,000 per month in rental income. How much of the income may 
be used to qualify the borrower for a loan?
A. $1,000
B $800
C $750
D $1,250 - ANS-$750
A customer asks his mortgage broker for the name of a good title company. The broker 
has a list of several companies with whom she has do
-
NMLS Flashcards QUESTIONS AND ANSWERS RATED A+ 2023|2024 UPDATE
- Exam (elaborations) • 10 pages • 2023
-
- $7.99
- + learn more
-AfBA/ABA stands for? 
-What is it? - correct answer -Affiliated Business Arrangement 
-If referring client to another business of yours (1%) then you must disclose ASAP 
Other ways to say "Doc Signing" - correct answer -Loan consummation 
-Loan Settlement 
-Loan Closing 
What is an escrow account? - correct answer -account holding money for 
insurance/taxes 
-AKA "impound account" or "reverse account" 
-What's an MU4? 
-What are requirements? - correct answer -Individual application aft...
-
NMLS Flashcards QUESTIONS AND ANSWERS RATED A+ 2023|2024 UPDATE
- Exam (elaborations) • 10 pages • 2023
-
- $7.99
- + learn more
-AfBA/ABA stands for? 
-What is it? - correct answer -Affiliated Business Arrangement 
-If referring client to another business of yours (1%) then you must disclose ASAP 
Other ways to say "Doc Signing" - correct answer -Loan consummation 
-Loan Settlement 
-Loan Closing 
What is an escrow account? - correct answer -account holding money for 
insurance/taxes 
-AKA "impound account" or "reverse account" 
-What's an MU4? 
-What are requirements? - correct answer -Individual application aft...
-
NMLS Flashcards QUESTIONS AND ANSWERS RATED A+ 2023|2024 UPDATE
- Exam (elaborations) • 10 pages • 2023
-
- $9.99
- + learn more
NMLS Flashcards QUESTIONS AND ANSWERS 
RATED A+ 2023|2024 UPDATE 
-AfBA/ABA stands for? 
-What is it? - correct answer -Affiliated Business Arrangement 
-If referring client to another business of yours (1%) then you must disclose ASAP 
Other ways to say "Doc Signing" - correct answer -Loan consummation 
-Loan Settlement 
-Loan Closing 
What is an escrow account? - correct answer -account holding money for 
insurance/taxes 
-AKA "impound account" or "reverse account" 
-What's an MU4? 
-Wh...
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