Nmls exam practice Study guides, Class notes & Summaries

NMLS S.A.F.E Exam Practice Questions Enhancing protection and reducing fraud by directing states to adopt minimum uniform standards for the licensing and registration of residential mortgage loan originators was the purpose of the federal act known as the: a. S.A.F.E. Act b. Federal Trade Act c. Consumer Financial Protection Act d. Dodd-Frank Act - a. S.A.F.E. Act Loan processors and underwriters may not: a. Communicate with consumers to obtain information necessary for loan pro...

NMLS Safe Test Mortgage Licensing Practice Exam Questions Solved 100% Correct.Latest Update/ Guaranteed Pass. NMLS Safe Test Mortgage Licensing Practice Exam Questions Solved 100% Correct.Latest Update/ Guaranteed Pass.NMLS Safe Test Mortgage Licensing Practice Exam Questions Solved 100% Correct.Latest Update/ Guaranteed Pass.

NMLS Safe Test Mortgage Licensing Practice Exam Questions Solved 100% Correct.Latest Update/ Guaranteed Pass. NMLS Safe Test Mortgage Licensing Practice Exam Questions Solved 100% Correct.Latest Update/ Guaranteed Pass.NMLS Safe Test Mortgage Licensing Practice Exam Questions Solved 100% Correct.Latest Update/ Guaranteed Pass.

A buyer has made an earnest money payment of $5,000. The buyer pays an additional $2,000 in option money to be credited at closing on property with sale price of $160,000. If the required down payment is 20%, how much additional money will the buyer need to provide toward the down payment at closing? A.) $32,000 B.) $27,000 C.) $30,000 D.) $25,000 - ANSWER-D.) $25,000 $160,000 x .20 (20%) = 32000 - $7,000 = $25,000 If an applicant works 40 hours every week and is paid $13.52 per hour, w...

NMLS Safe Test Mortgage Licensing Practice Exam Questions with correct answers.

NMLS Safe Test Mortgage Licensing Practice Exam Q's (from 2019 NMLS 20 Hour Safe Exam for Loan Originator) with Complete SolutionsNMLS Safe Test Mortgage Licensing Practice Exam Q's (from 2019 NMLS 20 Hour Safe Exam for Loan Originator) with Complete SolutionsNMLS Safe Test Mortgage Licensing Practice Exam Q's (from 2019 NMLS 20 Hour Safe Exam for Loan Originator) with Complete SolutionsWhich federal law requires that the Loan Estimate be provided to the borrower within three business days of...

NMLS Safe Test Mortgage Licensing Practice Exam Q's with Complete Solutions Which federal law requires that the Loan Estimate be provided to the borrower within three business days of the time of loan application is taken? TILA What type of scam entails homeowners who are encouraged to refinance their property over and over until little or no equity remains? Loan flipping or churning After a loan closing, funds are disbursed. When are the funds disbursed for an owner-occupied, r...

NMLS Safe Test Mortgage Licensing Practice Exam Q's

NMLS S.A.F.E Exam Practice Questions with correct answers

NMLS Safe Test Mortgage Licensing Practice Exam Q's