Ecoa info exam - Study guides, Class notes & Summaries

NMLS EXAM 2022 answered correctly-AfBA/ABA stands for? -What is it? - ANSWER--Affiliated Business Arrangement -If referring client to another business of yours (1%) then you must disclose ASAP Other ways to say "Doc Signing" - ANSWER--Loan consummation -Loan Settlement -Loan Closing What is an escrow account? - ANSWER--account holding money for insurance/taxes -AKA "impound account" or "reverse account" -What's an MU4? -What are requirements? - ANSWER--Individual application afte...

HUD Exam Prep, question and answer with rated content % Impact of Account Payment History on Credit Score 35% portion of credit score based on the payment history of accounts, including late payments, delinquencies, judgments, and liens % Impact of Amounts Owed on Accounts on Credit Score 30% portion of score based on the ratio of total credit extended to the amount of credit owed % Impact of Length of Credit History on Credit Score 15% portion of score based don the overall...