MLO PRACTICE EXAM Qs&As 2024
Federally chartered bank loan officers - ANS-Which of the following do not need to be licensed?
Year - ANS-Mortgage loan originators renew their licenses every:
They are bank employees - ANS-What May be true about unlicensed loan originators?
An individual who negot...
MLO PRACTICE EXAM Qs&As 2024
Federally chartered bank loan officers - ANS-✔✔Which of the following do not need to be licensed?
Year - ANS-✔✔Mortgage loan originators renew their licenses every:
They are bank employees - ANS-✔✔What May be true about unlicensed loan originators?
An individual who negotiates the terms of his own mortgage loan. - ANS-✔✔Which of the following
must be licensed loan originators ?
Annually - ANS-✔✔How often must a mortgage company submit a report on its financial condition?
MU4 - ANS-✔✔Which form is used for loan originator applications?
3 - ANS-✔✔Loans must be kept for how many years?
$250,000 net worth - ANS-✔✔A mortgage lender with out a service endorsement requires all except?
You do not have to sell the loan in four months - ANS-✔✔All apply to mortgage brokers except?
$250,000 - ANS-✔✔Total aggregate payment from mortgagee trust fund?
Have a agent registered in Florida - ANS-✔✔A mortgage lender must :
Year - ANS-✔✔A lender has a financial audit every:
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