Safe mortgage - Study guides, Class notes & Summaries

SAFE MORTGAGE LOAN ORIGINATOR EXAM 2024 WITH 100% CORRECT ANSWERS Prequalification - correct answer an estimate of the loan amt. for which the buyer can qualify based on his income/credit under the lenders standards USDA ratio - correct answer 29/41 FHA ratio - correct answer 31/43 Asset based loan - correct answer -loans based on borrowers equity -bad when lenders fail to consider ability to repay High Cost Loan - correct answer Reg Z - Sec. 1026.32 -APR will exceed by more t...

SAFE Mortgage Loan Originator Test 2024...

SAFE Mortgage Loan Originator Test 2024...

What does UST stand for? - Uniform State Test Who does the CFPB protect? - The Consumer Financial Protection Bureau protects consumers in the financial marketplace. What does the CFPB do? - CFPB is now in charge of implementing and enforcing most of the provisions of federal lending laws that relate to protecting consumers while they are shopping for, securing, and paying off mortgages. What is the purpose of RESPA? (3 things) - a.Protect consumers from excessive settlement costs and unea...

20-HR SAFE Comprehensive Mortgage Loan Originator Fundamentals HW written Exam Questions and Answers Mortgage loan originators who make cold calls must comply with the requirements of the National Do-Not-Call rules. The loan originator needs to update any download of the registry at least every:

The SAFE Mortgage Loan Originator National Exam Study Guide practice exam 2 with Complete Solutions 1. Which of the following is NOT a loan origination activity? C. Assisting in a loan modification 2. A unilateral contract is binding on: A. One party 3. Loan originator organizations must keep compensation records for how many years? C. Three 4. Mortgage companies must submit a residential loan origination activity report to the NMLSR every: B. Three months 5. How many years m...

SAFE Mortgage Loan Originator Exam 2024...

SAFE Mortgage Loan Originator Test - National Component with Uniform State Content

20-HR SAFE Comprehensive Mortgage Loan Originator Fundamentals HW | 100% Correct Answers | Verified | Latest 2024 Version

SAFE Mortgage Loan Originator Test - National Component UPDATED Exam Questions and CORRECT Answers What does UST stand for? - Correct Answer- Uniform State Test Who does the CFPB protect? - Correct Answer- The Consumer Financial Protection Bureau protects consumers in the financial marketplace. What does the CFPB do? - Correct Answer- CFPB is now in charge of implementing and enforcing most of the provisions of federal lending laws that relate to protecting consumers while they are s...