Escrow funding - Study guides, Class notes & Summaries

The minimum downpayment on a VA loan is: (a) 2% of the sales price (b) 0% of the sales price (c) 3.75% of the sales price (d) 1% of the sales price - Answer-B _________ is the process of creating a new mortgage loan. (a) Origination (b) Funding (c) Underwriting (d) Servicing * - Answer-A A veteran can have more than one VA loan: (a) If the prior VA loan was paid in full and the property disposed of(b) The prior VA loan was assumed by an eligible veteran who substituted their entitlem...

Sending monthly payment statements and collecting monthly payments, maintaining payment records and following up on delinquencies. - ACCURATE ANSWERS Servicing The process of creating a new mortgage loan - ACCURATE ANSWERS 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 - ACCURATE ANSWERS Loan Processing The process of transferring funds to a title or escrow company for disbursement - A...

Sending monthly payment statements and collecting monthly payments, maintaining payment records and following up on delinquencies. a. Loan processing b. funding c. Servicing d. Origination - ANSWER-C. Servicing The process of creating a new mortgage loan. a. Underwriting b. Loan processing c. Origination d. Funding - ANSWER-C. Origination The process of collecting information about a borrower in order to build a loan file, that will be used to make a underwriting decision. ...

When must a physician sign the death certificate by? - ANSWER-24 hours of death How long does a crematory have before they need to refrigerate the body if not yet cremated? - ANSWER-Within 24 hours of taking custody of the body What is the required temperature for an unembalmed body to be refrigerated in? - ANSWER-No more than 40 degrees Fahrenheit A dead human body must be stored in refrigeration if it is to be kept for more than how many hours before disposition? - ANSWER-48 hours When...

Sending monthly payment statements and collecting monthly payments, maintaining payment records and following up on delinquencies. - Answer-Servicing The process of creating a new mortgage loan - Answer-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 - Answer-Loan Processing The process of transferring funds to a title or escrow company for disbursement - Answer-Funding The process o...

Champions Real Estate Finance Exams Questions and Answers 100% Correct Champions Real Estate Finance Exams Questions and Answers 100% Correct Champions Real Estate Finance Exams Questions and Answers 100% Correct Loan Processing -ANSWER- 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 -ANSWER- The process of evaluating a borrower's loan application to determine the risk involved for the len...

Champions Real Estate Finance Exam Questions and Answers 100% Accurate Champions Real Estate Finance Exam Questions and Answers 100% Accurate Champions Real Estate Finance Exam Questions and Answers 100% Accurate Loan Processing -ANSWER- 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 -ANSWER- The process of evaluating a borrower's loan application to determine the risk involved for the len...

Real Estate Finance I-CHAMPIONS Exam Questions with correct Answers Periodic payment amounts such as principal & interest, estimated escrow, estimated monthly payment, and __________ must be disclosed in the Projected Payments section of the Loan Estimate form. (a) Mortgage Insurance (b) Homeowner's insurance (c) Property value (d) Estimated inspection cost - A ___________ relates to Federal Government spending. (a) Monetary policy (b) Legislative policy (c) Reserve requirement...

Made with funds insured by the federal government (e.g., FHA loans) Made with collateral insured by the federal government (e.g., flood insurance) Made with funds from a lender regulated by the federal government or that has deposits insured by the federal government (e.g., depository institutions regulated by the FDIC or NCUA) Intended for sale to Fannie Mae or Freddie Mac Made by a creditor regulated under the Truth-in-Lending Act, or Made by a mortgage broker and assigned to a creditor...

REAL ESTATE FINANCE ICHAMPIONS EXAM QUESTIONS AND ANSWERS 2024 GRADED A+. 2 / 32 1. The minimum downpayment on a VA loan is: (a) 2% of the sales price (b) 0% of the sales price (c) 3.75% of the sales price (d) 1% of the sales price: B 2. is the process of creating a new mortgage loan. (a) Origination (b) Funding (c) Underwriting (d) Servicing *: A 3. A veteran can have more than one VA loan: (a) If the prior VA loan was paid in full and the property disposed of (b) The priorVA lo...