Mortgage Loan Originator Safe Exams Bundle, rated A+

Mortgage Loan Originator, Exam Review Questions and answers/ What does RESPA stand for? - -The Real Estate Settlement Procedures Act (Regulation X) What does ECOA stand for? - -Equal Credit Opportunity Act (Regulation B) What does TILA stand for? - -Truth In Lending Act (Regulation Z) What doe...

Mortgage loan originator, Exam Review Questions and answers, VERIFIED/ Index and margin - -What is used to determine the interest rate chang on an ARM? A loan with a balloon payment provision - -Which of the following loan types is best described as a loan with a payment schedule made up of a ...

20-HR SAFE Comprehensive Mortgage Loan Originator Fundamentals HW, Exam Questions and answers/ Mortgage loan originators who make cold calls must comply with the requirements of the National DoNot-Call rules. The loan originator needs to update any download of the registry at least every: 31 ...

S.A.F.E Mortgage Loan Originator Exam Questions and answers, rated A+ 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 -...

Mortgage Loan Originator Safe Exam Prep Questions and answers, rated A+ An application for a mortgage loan has been denied and, as required by Regulation B, an Adverse Action Notice has been delivered to the applicant. Which of the following is not included on the Adverse Action Notice? a. D...

Mortgage Loan Originator PE A. Exam Questions and answers, VERIFIED/ If a consumer believes that information on a credit report is inaccurate, what must the credit bureau do? A) Notify any lender of the alleged discrepancy B) Confirm and remove inaccurate information within 30 days C) Provi...

NATIONAL MORTGAGE LOAN ORIGINATOR UNIFORM STATE Exam Review Questions and answers, Verified/ A lock-in rate is - -an agreement by a lender to guarantee the availability of a specific rate of interest for a stated time period if the loan is approved and closed by a certain date. A loan origin...

National Mortgage Loan Originator. Questions and answers, rated A+ MLO Josh must provide a(n) _____ when quoting an interest rate and terms to a consumer who has inquired about mortgage loan interest rates. - -corresponding annual percentage rate When an MLO receives an inquiry related to mort...

SAFE Mortgage Loan Originator Test - National Component with Uniform State. Exam Questions and answers, Verified/ 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 t...

Mortgage Loan Originator (Exam 1), Questions and answers, rated A+ Which is the largest secondary market participant? - -Freddie Mac A____________ clause that permits the lender to have certain stated rights when there is a transfer of ownership in the property. So, this limit the debtor's ri...