Reverse mortgages exam b - Study guides, Class notes & Summaries

A fundamental duty owed to a client is to always look out for what is in the client's best interest, what fiduciary duty best personifies this?=====duty of loyalty The fiduciary duty that best personifies looking out for the client's best interest first is the fiduciary duty of loyalty. This duty requires being loyal to the client first and foremost, and always looking out for what is in their best interest.;A lump sum payment of the proceeds of a life insurance policy that is made to...

Business Ethics, 8e Jennings UNIT THREE – BUSINESS, STAKEHOLDERS, SOCIAL RESPONSIBILITY, AND SUSTAINABILITY True/False Questions T 1. T 2. F 3. F 4. T 5. T 6. T 7. F 8. T 9. F 10. T 11. F 12. F 13. T 14. F 15. F 16. T 17. T 18. F 19. T 20. F 21. T 22. R. Edward Freeman is a proponent of the stakeholder theory of the corporation. Stakeholders include employees and customers. Suppliers are not stakeholders in the corporation. Robert Halfon is a proponent of stakeholder theory of th...

CCM Exam 315 Questions with Verified Answers HMO - CORRECT ANSWER health maintenance organization ACO - CORRECT ANSWER Accountable Care Organization Viatical Settlements - CORRECT ANSWER ability to sell own insurance policy CHAMPVA - CORRECT ANSWER Civilian Health and Medical Program of the Veterans Administrationtr CHAMPVA for Life - CORRECT ANSWER provides healthcare benefits to families of permanently disabled veterans, or killed in line of duty, not eligible for tricare. Cover...

NMLS PRACTICE EXAM 2024 / NATIONWIDE MORTGAGE LICENSING SYSTEM PRACTICE ACTUAL TEST EXAM QUESTIONS AND CORRECT ANSWERS ALL GRADED A+| GUARANTEED PASS An annual escrow analysis is used to do which of the following? A. Ensure the loan is properly amortized B. Prevent escrow overages C. Reduce burden on the servicer D. Report underwriting errors -CORRECT ANSWER -- B. Prevent escrow overages The disclosure requirements of RESPA would apply to which of the following loans? A. A loan...

NMLS SAFE EXAM QUESTIONS AND ANSWERS ALREADY PASSED, Rated A Document Content and Description Below NMLS SAFE EXAM QUESTIONS AND ANSWERS ALREADY PASSED Primary Mortgage Market Where credit institutions originate loans C. The maximum the rate can increase over the life of the loan When an ARM has rate caps of 5/2/6, the 6 refers to what? A. The maximum rate increase at the initial adjustment B. The start rate for the loan C. The maximum the rate can increase over the life of the loan D. The rat...

RECA Residential Exam with Verified Solutions Rated 100% Fiduciary Representation -ANS- - Trust and confidence - Best interests - Loyalty 5 Ds of Role Clarity -ANS- 1. Discuss 2. Determine 3. Document 4. Disclose 5. Do Must disclose in writing -ANS- - the nature of services provided - whether professional has entered into representation relationship with other party - any conflicts of interest - any other facts that may influence consumers decision to proceed with relationship ...

NMLS Safe Test Mortgage Licensing Practice Exam | 100% Correct Answers | Verified | Latest 2024 Version 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 fo...

560 NMLS Terms and Exam Questions Review and Answers. Rated A+ Document Content and Description Below 560 NMLS Terms and Exam Questions Review and Answers RESPA >>>Real Estate Settlement Procedures Act Regulation X Which of the following circumstances is least likely to lead to a determination tha t two entities are operating a sham affiliated business arrangement under RESPA? A. The same person owns both entities B. One entity shares office space with the other entity C. One entity'...

NMLS SAFE EXAM Questions with accurate answers, Graded A, 2022/2023. Document Content and Description Below NMLS SAFE EXAM Questions with accurate answers, Graded A, 2022/2023. Primary Mortgage Market - Where credit institutions originate loans C. The maximum the rate can increase over the lif e of the loan - When an ARM has rate caps of 5/2/6, the 6 refers to what? A. The maximum rate increase at the initial adjustment B. The start rate for the loan C. The maximum the rate can increase over t...

1. How many times may a licensing candidate take the NMLS national examination before having to wait six months to retake it? - ANSWER-Answer: b) Candidates who fail the exam must wait 30 days between each subsequent attempt. After failing the exam a third time, the waiting period increases to six months. 2. Which of the following loan originator license applications would automatically be declined? - ANSWER-Answer: b) The SAFE Act prohibits an individual from obtaining a mortgage loan ori...