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Bundle for MLO Exams Compilation | Verified | Guaranteed Success
Bundle for MLO Exams Compilation | Verified | Guaranteed Success
[Show more]Bundle for MLO Exams Compilation | Verified | Guaranteed Success
[Show more]All of the following information is provided under Section X of the 1003, except: 
a.) Ethnicity 
b.) Name and address of employer 
c.) Sex 
d.) Race - ANS - b.) Name and address of employer 
Section X of the URLA contains information on: 
a.) Assets and Liabilities 
b.) Information for Government M...
Preview 2 out of 6 pages
Add to cartAll of the following information is provided under Section X of the 1003, except: 
a.) Ethnicity 
b.) Name and address of employer 
c.) Sex 
d.) Race - ANS - b.) Name and address of employer 
Section X of the URLA contains information on: 
a.) Assets and Liabilities 
b.) Information for Government M...
An Approve/Eligible determination: 
1. Is an indication that a property appraised for its sales price 
2. Authorization to release funds in a refinance transaction 
3. An automated loan approval from the Fannie Mae Du system 
4. A recommendation that is received by the Freddie Mac loan prospector au...
Preview 3 out of 26 pages
Add to cartAn Approve/Eligible determination: 
1. Is an indication that a property appraised for its sales price 
2. Authorization to release funds in a refinance transaction 
3. An automated loan approval from the Fannie Mae Du system 
4. A recommendation that is received by the Freddie Mac loan prospector au...
Prohibits Discrimination (including granting credit) - ANS - ECOA 
When is the latest time frame by which the MLO can distribute the Loan Estimate - ANS - 3 business 
days after receiving the application 
What is the difference between the note rate and the APR? - ANS - The note rate is the interest...
Preview 4 out of 35 pages
Add to cartProhibits Discrimination (including granting credit) - ANS - ECOA 
When is the latest time frame by which the MLO can distribute the Loan Estimate - ANS - 3 business 
days after receiving the application 
What is the difference between the note rate and the APR? - ANS - The note rate is the interest...
The federal Truth in Lending Act - ANS - regulates advertising with references to mortgage interest 
rates. 
Which would LEAST LIKELY be a changed circumstance that would trigger the need to provide a new 
GFE to a borrower? - ANS - The mortgage loan originator learns that the alimony the borrower r...
Preview 3 out of 25 pages
Add to cartThe federal Truth in Lending Act - ANS - regulates advertising with references to mortgage interest 
rates. 
Which would LEAST LIKELY be a changed circumstance that would trigger the need to provide a new 
GFE to a borrower? - ANS - The mortgage loan originator learns that the alimony the borrower r...
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