Escrow funding Study guides, Class notes & Summaries

Loan-to-Value Ratio (LTV) - correct 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 - correct answer Includes both real and personal property ( fixtures and furnishings) Blanket Mortgage - correct answer Covers more than one piece of property. Wraparound Mortgage - c...

Real Estate Finance I-Champions Final Exam 2024 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 - CORRECT ANSWER-B _________ is the process of creating a new mortgage loan. (a) Origination (b) Funding (c) Underwriting (d) Servicing * - CORRECT 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 l...

Champions Real Estate Finance graded A+ already passed 2023Loan-to-Value Ratio (LTV) - correct 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 - correct answer Includes both real and personal property ( fixtures and furnishings) Blanket Mortgage - correct answer Covers ...

HAWAII EXAM PRACTICE QUESTIONS & ANSWERS, 100% ACCURATE/ VERIFIED. Which agency enforces Title II under the Americans with Disabilities Act of 1990, when it relates to state and local public housing, housing assistance, and housing referrals? - -Department of Housing and Urban Development Which task is NOT the responsibility of an escrow officer? Determine how earnest money is to be distributed in case of a dispute. Manage transaction documents from all parties. Prepare closing docume...

Math Calculation - Principal, Interest, and Term - ANSWER Principal: the amount of the loan itself Interest: money paid at a particular rate for the use of money loaned to a person or entity Term: the term of the debt obligation(s) Real Estate Transaction Terminology - ANSWER Funding: process of transferring funds to a title or escrow company for disbursement Servicing: includes sending monthly payment statements and collecting monthly payments, maintaining records of payments and...

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 borrowers loan application to determine the risk involved for the lender. Funding - Answer-The process of transferring funds to a title or escrow company for disbursement. Servicing - Answer-Sending monthly payment statements and collecting monthly payments, maintaining payment ...

Real Estate Finance 1 - Texas, Champions School of Real Estate – Finance Latest Update 100% Pass Loan Processing 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 The process of evaluating a borrowers loan application to determine the risk involved for the lender. Funding The process of transferring funds to a title or escrow company for disbursement. Servicing Sending monthly pa...

Champions Real Estate Finance Study Guide (Latest 2024/ 2025 Update) 100% Correct Questions and Verified Answers| Grade A Q: Supply and Demand an economic concept that states that the price of a good rises and falls depending on how many people want it and depending on how much of the good is available. Q: Funding Answer: The process of transferring funds to a title or escrow company for disbursement Q: The Safe Act Answer: Designed to enhance consumer protection ...

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...

Real Estate Finance I-CHAMPIONS Exam | 60 Questions and Answers. 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 ...