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Champions Real Estate Finance Questions & Correct Answers Pack / Graded A+
Champions Real Estate Finance Questions & Correct Answers Pack / Graded A+
[Show more]Champions Real Estate Finance Questions & Correct Answers Pack / Graded A+
[Show more]Character, Credit Score, Capacity, Capitol, and Collateral 
: What do creditors use to approve loans? 
Par Loan 
: A loan that is made at the current market rate of interest. 
Origination 
: The process of creating a new mortgage loan, including all steps taken by a lender, to attract 
and qualify ...
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Add to cartCharacter, Credit Score, Capacity, Capitol, and Collateral 
: What do creditors use to approve loans? 
Par Loan 
: A loan that is made at the current market rate of interest. 
Origination 
: The process of creating a new mortgage loan, including all steps taken by a lender, to attract 
and qualify ...
mortgage Broker 
: Functions as a middleman between the borrower and the lender, negotiating, selling or 
arranging loans to be delivered to large investors 
Mortgage Banker 
: Provide their own funds for the purpose of providing mortgage financing 
Correspondent Lender 
: Smaller in scale then mor...
Preview 3 out of 21 pages
Add to cartmortgage Broker 
: Functions as a middleman between the borrower and the lender, negotiating, selling or 
arranging loans to be delivered to large investors 
Mortgage Banker 
: Provide their own funds for the purpose of providing mortgage financing 
Correspondent Lender 
: Smaller in scale then mor...
Loan-to-Value Ratio (LTV) 
: 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 
: In...
Preview 4 out of 37 pages
Add to cartLoan-to-Value Ratio (LTV) 
: 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 
: In...
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 
: Underw...
Preview 2 out of 13 pages
Add to cartSeller'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 
: Underw...
Sending monthly payment statements and collecting 
monthly payments, maintaining payment 
records and following up on delinquencies. 
: Servicing 
The process of creating a new mortgage loan 
: Origination 
The process of collecting information about a borrower in order to build a loan file that wil...
Preview 3 out of 20 pages
Add to cartSending monthly payment statements and collecting 
monthly payments, maintaining payment 
records and following up on delinquencies. 
: Servicing 
The process of creating a new mortgage loan 
: Origination 
The process of collecting information about a borrower in order to build a loan file that wil...
A loan unable to be sold to Fannie Mae or Freddie Mac (i.e. A sub-prime loan) 
: Non-Conforming Loan 
VA 
: Veteran's administration - assists veterans in the purchase of housing by guaranteeing loans) 
Seller's equity 
: Cash price minus the loan balance 
A clause often found in a blanket loan al...
Preview 3 out of 19 pages
Add to cartA loan unable to be sold to Fannie Mae or Freddie Mac (i.e. A sub-prime loan) 
: Non-Conforming Loan 
VA 
: Veteran's administration - assists veterans in the purchase of housing by guaranteeing loans) 
Seller's equity 
: Cash price minus the loan balance 
A clause often found in a blanket loan al...
The process of creating a new mortgage loan, including all steps taken by a lender to attract and 
qualify a borrower are _____. 
: Origination activities 
The process of evaluating a borrower's loan application to determine the risk involved for the lender 
is 
: Underwriting 
Which of the follo...
Preview 2 out of 10 pages
Add to cartThe process of creating a new mortgage loan, including all steps taken by a lender to attract and 
qualify a borrower are _____. 
: Origination activities 
The process of evaluating a borrower's loan application to determine the risk involved for the lender 
is 
: Underwriting 
Which of the follo...
Real Estate Finance Champions 
Questions & Correct Answers/ Graded A+
Preview 2 out of 13 pages
Add to cartReal Estate Finance Champions 
Questions & Correct Answers/ Graded A+
Real Estate Finance I-CHAMPIONS 
Questions & Correct Answers/ Graded A+
Preview 4 out of 36 pages
Add to cartReal Estate Finance I-CHAMPIONS 
Questions & Correct Answers/ Graded A+
Real Estate Finance champion school 
Questions & Correct Answers/ Graded A+
Preview 4 out of 43 pages
Add to cartReal Estate Finance champion school 
Questions & Correct Answers/ Graded A+
Real Estate Finance 1 - Texas, 
Champions School of Real Estate – 
Finance Questions & Correct Answers/ 
Graded A+
Preview 4 out of 39 pages
Add to cartReal Estate Finance 1 - Texas, 
Champions School of Real Estate – 
Finance Questions & Correct Answers/ 
Graded A+
Real Estate Finance Practice exam 
Questions & Correct Answers/ Graded A+
Preview 3 out of 26 pages
Add to cartReal Estate Finance Practice exam 
Questions & Correct Answers/ Graded A+
Real Estate Finance Champions Study 
Guide Questions & Correct Answers/ 
Graded A+
Preview 2 out of 9 pages
Add to cartReal Estate Finance Champions Study 
Guide Questions & Correct Answers/ 
Graded A+
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