Nmls flashcards - Study guides, Class notes & Summaries

Nmls Flashcards 2022 Questions and answers latest update

Nmls Flashcards 2022 Questions and answers latest update

NMLS Flashcards 2024 Questions and 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 Brainpower Read More Previous Play Next Rewind 10 seconds Move forward 10 seconds Unmute 0:11 / 0:15 Full screen What is an escrow account? -account holding money for insurance...

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 C. At the same time she gives the customer the list of title companies D. She is not required to give the customer an AfBA disclosure if she h...

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 after...

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? -What are requirements? - correct answer -Individual application after...

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 C. At the same time she gives the customer the list of title companies D. She is not required to give the customer an AfBA disclosure if she h...

NMLS Flashcards 2021

NMLS Flashcards 2021