Nmlsr - Study guides, Class notes & Summaries
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Champions School Of Real Estate – FINANCE Exam || Complete Questions & Answers (Graded A+)
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Champions School Of Real Estate – FINANCE Exam || Complete Questions & Answers (Graded A+) 
Champions School Of Real Estate – FINANCE Exam || Complete Questions & Answers (Graded A+) 
 
The process of creating a new mortgage loan, including all steps taken by a lender to attract and qualify a borrower are _____. - ANSWER - Origination activities 
 
The process of evaluating a borrower's loan application to determine the risk involved for the lender is - ANSWER - Underwriting 
 
Which of the ...
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Champions School Of Real Estate Finance 2024 Tested And Verified
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Champions School Of Real Estate 
Finance 2024 Tested And Verified 
Seller's market - CORRECT ANSWER-When supply is low and demand is high 
Buyer's market - CORRECT ANSWER-When supply is high and demand is low 
The process of creating a new mortgage loan - CORRECT ANSWER-Origination 
The detailed process of evaluating a borrower's loan application to determine the risk 
involved for the lender - CORRECT ANSWER-Underwriting 
When there is an excess of money supply in the market - CORRECT ANSWER...
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Champions Real Estate Finance Exam Questions and Answers 2023
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_____ is the consummation of a contractual real estate transaction in which all appropriate documents are signed, and the mortgage loan proceeds are disbursed by the lender. - Answer- Closing 
 
The primary determinants of real estate values are supply and _____. - Answer- Demand 
 
_____ is something of value that can be pledged as security for repayment of a loan. - Answer- Collateral 
 
Servicing includes which of the following activities? - Answer- Maintaining records of payment 
 
The monet...
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Champions Real Estate Finance Exam (Latest 2024/ 2025 Update) 100% Correct Questions and Verified Answers| Grade A
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Champions Real Estate Finance Exam (Latest 2024/ 2025 Update) 100% Correct Questions and Verified Answers| Grade A 
 
 
Q: All residential mortgage loan originators must register with 
 
 
Answer: 
NMLSR 
National Mortgage Licensing System & Registry 
 
 
 
Q: Who is responsible for affordable housing 
 
 
Answer: 
TDHCA 
Texas Department of Housing & Community Affairs 
 
 
 
Q: Who is applicable to all federally related mortgage loans 
 
 
Answer: 
RESPA 
Real Estate Settlement Procedure Act 
 ...
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The SAFE Mortgage Loan Originator National Exam Study Guide Practice Exam 2 | 100% Correct Answers | Verified | Latest 2024 Version
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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 must loan originator applicants wait after a felony fraud conviction, in order to 
qualify for a license? - ...
Too much month left at the end of the money?
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The SAFE Mortgage Loan Originator National Exam Study Guide practice exam 2 with Complete Solutions
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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...
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CHAMPIONS REAL ESTATE FINANCE GRADED A+ ALREADY PASSED 2023
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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...
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REAL ESTATE FINANCE CHAMPIONS 2024
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What does the Federal Housing Administration statues prohibits? - Answer-Prohibits discrimination based on: 
NATIONAL ORIGIN 
Race 
color 
Religion 
Sex 
Families with children 
Disabilities 
 
Loan not intended for sale in the secondary market. b/c it is retained by the lender in their investment portfolio - Answer-Portfolio Loan 
 
What is TDHCA? - Answer-(Texas Department of Housing and Community Affairs) 
Responsible for affordable housing. 
 
Is the process of creating a new mortgage loan. ...
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CHAMPIONS REAL ESTATE FINANCE EXAM WITH GUARANTEED ACCURATE ANSWERS
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Origination - ACCURATE ANSWERS The process of creating a new mortgage loan, including all steps taken by a lender to attract and qualify a borrower 
 
Credit reports will be ordered, in most cases from all three major national credit reporting agencies: - ACCURATE ANSWERS Experian, Equifax, and TransUnion 
 
Not all creditors will report to all three, they will - ACCURATE ANSWERS Each reporting agency will report a different credit score for the borrower 
 
Underwriting - ACCURATE ANSWERS The de...
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Champions School of Real Estate Finance Questions & Correct Answers/ Graded A+
- Exam (elaborations) • 13 pages • 2024
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Seller's market 
: When supply is low and demand is high 
Buyer's market 
: When supply is high and demand is low 
The process of creating a new mortgage loan 
: Origination 
The detailed process of evaluating a borrower's loan application to determine the risk involved for 
the lender 
: Underwriting 
When there is an excess of money supply in the market 
: Monetary inflation 
2 
Which agency insures deposits in bank and thrift institution for up to $250,000? 
: Federal Deposit Insurance Co...
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