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SAFE MORTGAGE VALUE PACK|GRADED A|GUARANTEED SUCCESS
SAFE MORTGAGE VALUE PACK|GRADED A|GUARANTEED SUCCESS
[Show more]SAFE MORTGAGE VALUE PACK|GRADED A|GUARANTEED SUCCESS
[Show more]Mortgage loan originators who make cold calls must comply with the requirements of the National Do-Not-Call rules. The loan originator needs to update any download of the registry at least every: 
 
31 days 
18 Months 
7 days 
Year 
31 Days 
 
 
 
The appraisal approach that is used as the best indi...
Preview 3 out of 17 pages
Add to cartMortgage loan originators who make cold calls must comply with the requirements of the National Do-Not-Call rules. The loan originator needs to update any download of the registry at least every: 
 
31 days 
18 Months 
7 days 
Year 
31 Days 
 
 
 
The appraisal approach that is used as the best indi...
Dodd-Frank Wall Street Reform/Consumer Financial Protection Act of 2010. 
Promote the financial stability of the US by improving accountability and transparency in the financial system. 
(Created Consumer Financial Protection Act and Mortgage Reform an Anti-Predatory Lending). 
 
 
 
Consumer Financ...
Preview 1 out of 1 pages
Add to cartDodd-Frank Wall Street Reform/Consumer Financial Protection Act of 2010. 
Promote the financial stability of the US by improving accountability and transparency in the financial system. 
(Created Consumer Financial Protection Act and Mortgage Reform an Anti-Predatory Lending). 
 
 
 
Consumer Financ...
Prequalification 
an estimate of the loan amt. for which the buyer can qualify based on his income/credit under the lenders standards 
 
 
 
USDA ratio 
29/41 
 
 
 
FHA ratio 
31/43 
 
 
 
Asset based loan 
-loans based on borrowers equity 
-bad when lenders fail to consider ability to repay 
 
 
 ...
Preview 2 out of 13 pages
Add to cartPrequalification 
an estimate of the loan amt. for which the buyer can qualify based on his income/credit under the lenders standards 
 
 
 
USDA ratio 
29/41 
 
 
 
FHA ratio 
31/43 
 
 
 
Asset based loan 
-loans based on borrowers equity 
-bad when lenders fail to consider ability to repay 
 
 
 ...
GLBA 
Gramm-Leah-Bliley Act 
 
 
 
FTC 
Federal Trade Commission 
 
 
 
FCC 
Federal Communications Commission 
 
 
 
NPI 
Non-public Personal Information 
 
 
 
Consumer 
Individual who obtains financial services for personal use 
 
 
 
Customer 
Continuing relationship with a financial institute 
...
Preview 2 out of 13 pages
Add to cartGLBA 
Gramm-Leah-Bliley Act 
 
 
 
FTC 
Federal Trade Commission 
 
 
 
FCC 
Federal Communications Commission 
 
 
 
NPI 
Non-public Personal Information 
 
 
 
Consumer 
Individual who obtains financial services for personal use 
 
 
 
Customer 
Continuing relationship with a financial institute 
...
What does UST stand for? 
Uniform State Test 
 
 
 
Who does the CFPB protect? 
The Consumer Financial Protection Bureau protects consumers in the financial marketplace. 
 
 
 
What does the CFPB do? 
CFPB is now in charge of implementing and enforcing most of the provisions of federal lending laws ...
Preview 4 out of 40 pages
Add to cartWhat does UST stand for? 
Uniform State Test 
 
 
 
Who does the CFPB protect? 
The Consumer Financial Protection Bureau protects consumers in the financial marketplace. 
 
 
 
What does the CFPB do? 
CFPB is now in charge of implementing and enforcing most of the provisions of federal lending laws ...
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 submi...
Preview 2 out of 10 pages
Add to cart1. 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 submi...
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