Loan origination - Study guides, Class notes & Summaries

GA MLS Real Estate Practical Final Exam Questions With Answers 2023 Solution Safety Clause - CORRECT ANS -A negotiated period after the termination of the listing during which the listing broker may still be entitled to a commission if the property is sold to a buyer who was shown the property during the listing period Survival Clause - CORRECT ANS -A clause in the contract for purchase and sale that, unless otherwise expressly agreed to in writing by the buyer and seller, allows certai...

SAFE Mortgage Loan Originator Test - National Component with Uniform State Content Exam Questions With Verified Answers What does UST stand for? - answerUniform State Test Who does the CFPB protect? - answerThe Consumer Financial Protection Bureau protects consumers in the financial marketplace. What does the CFPB do? - answerCFPB is now in charge of implementing and enforcing most of the provisions of federal lending laws that relate to protecting consumers while they are shopping for,...

Mortgage Loan Origination - Preschool’s - Final Exam With Latest Questions And Answers Mortgage Loan Origination - Preschool’s - Final Exam With Latest Questions And Answers

TOTAL = PART/PERCENTAGE PART = TOTAL x PERCENTAGE PERCENTAGE = PART/ TOTAL correct answersFormulas to calculate commission? PRINCIPAL correct answersWhat is the term that describes the money that is lent? CASH TO CLOSE correct answersDown payment minus earnest money? TOTAL SALES PRICE correct answersLoan payment + loan principal? ORIGINATION POINTS correct answersLoan points/fees charged 1% to compensate loan officers for underwriting and administering the loan. DISCOUNT POINTS ...

SAFE Mortgage Loan Originator Test - National Component with Uniform State Content Exam Questions and Answers

SAFE Mortgage Loan Originator Test - National Component with Uniform State Content

SAFE Mortgage Loan Originator Test - National Component UPDATED Exam Questions and CORRECT Answers What does UST stand for? - Correct Answer- Uniform State Test Who does the CFPB protect? - Correct Answer- The Consumer Financial Protection Bureau protects consumers in the financial marketplace. What does the CFPB do? - Correct Answer- CFPB is now in charge of implementing and enforcing most of the provisions of federal lending laws that relate to protecting consumers while they are s...

SAFE Mortgage Loan Originator Test - National Component with Uniform State Content

Aceable Agent - Principles of Real Estate II Exam Notes with complete solutions 2023TOTAL = PART/PERCENTAGE PART = TOTAL x PERCENTAGE PERCENTAGE = PART/ TOTAL Formulas to calculate commission? PRINCIPAL What is the term that describes the money that is lent? CASH TO CLOSE Down payment minus earnest money? TOTAL SALES PRICE Loan payment + loan principal? ORIGINATION POINTS Loan points/fees charged 1% to compensate loan officers for underwriting and administering...

SAFE Mortgage Loan Originator Test - National Component With Uniform State Content Latest Updates