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NMLS Exam Bundle with 100% Correct Answers
NMLS Exam Bundle with 100% Correct Answers
- Package deal
- • 13 items •
- Mortgage NMLS Exam Questions and Answers 100% Pass • Exam (elaborations)
- NMLS Test 100% Correct Solved • Exam (elaborations)
- NMLS Practice Exam #3 PRACTICE QUESTIONS AND ANSWER • Exam (elaborations)
- NMLS test 100% Correct Solved • Exam (elaborations)
- NMLS Test Prep CompuCram Test Questions with 100% Correct Answers • Exam (elaborations)
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NMLS Exam Bundle with 100% Correct Answers
MLO SAFE NMLS safe test practice questions with 100% correct answers
MLO SAFE NMLS safe test practice questions with 100% correct answers Taking advantage of ill-informed consumers through excessively high fees, misrepresented loan terms, frequent refinancing that does not benefit the borrower and other prohibited acts is called __________________________. - Correct Answer️️ - Predatory Lending. RESPA-Real Estate Settlement Procedures Act - Correct Answer️️ -The Federal Statute that deals with the settlement of residential mortgage loans. RESPA's...
- Exam (elaborations)
- • 48 pages •
MLO SAFE NMLS safe test practice questions with 100% correct answers Taking advantage of ill-informed consumers through excessively high fees, misrepresented loan terms, frequent refinancing that does not benefit the borrower and other prohibited acts is called __________________________. - Correct Answer️️ - Predatory Lending. RESPA-Real Estate Settlement Procedures Act - Correct Answer️️ -The Federal Statute that deals with the settlement of residential mortgage loans. RESPA's...
NMLS PRACTICE QUESTIONS WITH 100% CORRECT ANSWERS
NMLS PRACTICE QUESTIONS WITH 100% CORRECT ANSWERS which federal agency administers Regulation B implementing ECOA, Rgulation C implementig HMDA and Regulation Z implementing TILA? - Correct Answer️️ - FEDERAL RESERVE SYSTEM the clause in a mortgage that allows the lender to foreclose if the borrower defaults is the - Correct Answer️️ -Acceleration Clause at closing a borrower may deposit funds to establish reserves for which of the following? - Correct Answer️️ -TAXES AND INSU...
- Exam (elaborations)
- • 31 pages •
NMLS PRACTICE QUESTIONS WITH 100% CORRECT ANSWERS which federal agency administers Regulation B implementing ECOA, Rgulation C implementig HMDA and Regulation Z implementing TILA? - Correct Answer️️ - FEDERAL RESERVE SYSTEM the clause in a mortgage that allows the lender to foreclose if the borrower defaults is the - Correct Answer️️ -Acceleration Clause at closing a borrower may deposit funds to establish reserves for which of the following? - Correct Answer️️ -TAXES AND INSU...
NMLS Practice Test Hard Questions with 100% Correct
NMLS Practice Test Hard Questions with 100% Correct A discount point is BEST described as a charge the borrower pays to: A.) A lender to decrease the interest rate on the mortgage loan B.) A mortgage broker at the time of application to obtain a favorable rate C.) The seller as part of the closing costs of a loan D.) A lender to ensure against foreclosure - Correct Answer️️ -A.) A lender to decrease the interest rate on the mortgage loan A buyer has made an earnest money payment of $5...
- Exam (elaborations)
- • 31 pages •
NMLS Practice Test Hard Questions with 100% Correct A discount point is BEST described as a charge the borrower pays to: A.) A lender to decrease the interest rate on the mortgage loan B.) A mortgage broker at the time of application to obtain a favorable rate C.) The seller as part of the closing costs of a loan D.) A lender to ensure against foreclosure - Correct Answer️️ -A.) A lender to decrease the interest rate on the mortgage loan A buyer has made an earnest money payment of $5...
NMLS SAFE EXAM 2024 QUESTIONS AND ANSWERS 100% PASS
NMLS SAFE EXAM 2024 QUESTIONS AND ANSWERS 100% PASS What does TILA stand for? - Correct Answer️️ -Truth-In-Lending Act, Regulation Z What is a HELOC loan? - Correct Answer️️ -a secured loan in that you are borrowing against the equity that has been built in your house What is a REFI loan? - Correct Answer️️ - LTV stands for - Correct Answer️️ -Loan to Value Define PMI and state what the acronym stands for. - Correct Answer️️ -Private mortgage insurance- on conventiona...
- Exam (elaborations)
- • 24 pages •
NMLS SAFE EXAM 2024 QUESTIONS AND ANSWERS 100% PASS What does TILA stand for? - Correct Answer️️ -Truth-In-Lending Act, Regulation Z What is a HELOC loan? - Correct Answer️️ -a secured loan in that you are borrowing against the equity that has been built in your house What is a REFI loan? - Correct Answer️️ - LTV stands for - Correct Answer️️ -Loan to Value Define PMI and state what the acronym stands for. - Correct Answer️️ -Private mortgage insurance- on conventiona...
NMLS SAFE EXAM QUESTIONS AND ANSWERS 100% PASS
NMLS SAFE EXAM QUESTIONS AND ANSWERS 100% PASS Primary Mortgage Market - Correct Answer️️ -Where credit institutions originate loans C. The maximum the rate can increase over the life of the loan - Correct Answer️️ - When an ARM has rate caps of 5/2/6, the 6 refers to what? A. The maximum rate increase at the initial adjustment B. The start rate for the loan C. The maximum the rate can increase over the life of the loan D. The rate maximum the rate can decrease over the life of t...
- Exam (elaborations)
- • 102 pages •
NMLS SAFE EXAM QUESTIONS AND ANSWERS 100% PASS Primary Mortgage Market - Correct Answer️️ -Where credit institutions originate loans C. The maximum the rate can increase over the life of the loan - Correct Answer️️ - When an ARM has rate caps of 5/2/6, the 6 refers to what? A. The maximum rate increase at the initial adjustment B. The start rate for the loan C. The maximum the rate can increase over the life of the loan D. The rate maximum the rate can decrease over the life of t...
NMLS Exam Questions and Answers 100% Pass
NMLS Exam Questions and Answers 100% Pass The preferred debt-to-income ratio for applicants for VA loans is: A. 35% B. 43% C. 50% D. 41% - Correct Answer️️ -D. 41% When would a license be suspended without a hearing? A. If a licensee fails to renew B. If a licensee fails to request a hearing with the state regulator C. If a licensee has failed to complete pre-licensing requirements D. If a licensee has already executed a right to a hearing for a previous violation - Correct Answer...
- Exam (elaborations)
- • 33 pages •
NMLS Exam Questions and Answers 100% Pass The preferred debt-to-income ratio for applicants for VA loans is: A. 35% B. 43% C. 50% D. 41% - Correct Answer️️ -D. 41% When would a license be suspended without a hearing? A. If a licensee fails to renew B. If a licensee fails to request a hearing with the state regulator C. If a licensee has failed to complete pre-licensing requirements D. If a licensee has already executed a right to a hearing for a previous violation - Correct Answer...
NMLS Practice Test 100% Correct Solved
NMLS Practice Test 100% Correct Solved 1) Seller can Sell property at a premium/profit with Fannie Mae financing after? 30 days •60 days •90 days - Correct Answer️️ -•90 days 2) A COFI index is defined as? Cost of funds index •Cost of financial index •Cost of funding insurance - Correct Answer️️ -cost of fund index 3) Subordinate financing relates to •seller financing. •second mortgages. •financing in the secondary mortgage market. •subprime loans. - Correc...
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- Exam (elaborations)
- • 8 pages •
NMLS Practice Test 100% Correct Solved 1) Seller can Sell property at a premium/profit with Fannie Mae financing after? 30 days •60 days •90 days - Correct Answer️️ -•90 days 2) A COFI index is defined as? Cost of funds index •Cost of financial index •Cost of funding insurance - Correct Answer️️ -cost of fund index 3) Subordinate financing relates to •seller financing. •second mortgages. •financing in the secondary mortgage market. •subprime loans. - Correc...
NMLS Exam Questions and Answers 100% Pass
NMLS Exam Questions and Answers 100% Pass Acceleration Clause - Correct Answer️️ -Allows lenders to demand payment in full if the borrower defaults on the loan (can be construed as predatory lending) Alienation Clause (Due on Sale Clause) - Correct Answer️️ -Says you must repay your mortgage if you sell your home to a new owner (loan is not assumable) Appraiser Independance Requirements replaced HVCC - Correct Answer️️ -home valuation code of conduct Due on Demand Clause - Cor...
- Package deal
- Exam (elaborations)
- • 53 pages •
NMLS Exam Questions and Answers 100% Pass Acceleration Clause - Correct Answer️️ -Allows lenders to demand payment in full if the borrower defaults on the loan (can be construed as predatory lending) Alienation Clause (Due on Sale Clause) - Correct Answer️️ -Says you must repay your mortgage if you sell your home to a new owner (loan is not assumable) Appraiser Independance Requirements replaced HVCC - Correct Answer️️ -home valuation code of conduct Due on Demand Clause - Cor...
California State NMLS Practice Test 100% Correct Answers
California State NMLS Practice Test 100% Correct Answers "Federal banking agencies" include: Answers A. The Director of the Office of Thrift Supervision, the Board of Governors of the Federal Reserve System, and FDIC B. Fannie Mae and Freddie Mac C. The Comptroller of the Currency and the National Credit Union Administration D. A and C - Correct Answer️️ -D. A borrower approaches a lender to refinance their existing negative amortization loan, which was originated by that same l...
- Package deal
- Exam (elaborations)
- • 52 pages •
California State NMLS Practice Test 100% Correct Answers "Federal banking agencies" include: Answers A. The Director of the Office of Thrift Supervision, the Board of Governors of the Federal Reserve System, and FDIC B. Fannie Mae and Freddie Mac C. The Comptroller of the Currency and the National Credit Union Administration D. A and C - Correct Answer️️ -D. A borrower approaches a lender to refinance their existing negative amortization loan, which was originated by that same l...