Borrower mortgagor - Study guides, Class notes & Summaries
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Champions Real Estate Finance Exam (2024/ 2025) 100% Correct Questions and Verified Answers| Grade A
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Champions Real Estate Finance Exam (2024/ 2025) 100% Correct Questions and Verified Answers| Grade A 
 
 
Q: The money that mortgage companies use to make loans come from the sale of ________, which is considered a business transaction, not a savings account deposit procedure. 
 
 
Answer: 
Bonds 
 
 
 
Q: Government entities regularly sell bonds to 
 
 
Answer: 
Fund major capital investments 
 
 
 
Q: Advantage of municipal bonds is 
 
 
Answer: 
That the interest paid to investors is not subj...
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REAL ESTATE FINANCE PRACTICE EXAM NEW SOLUTION 2023 COMPLETE EXAM UPDATE
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A __________ is a permanent change in one or more of the terms of a borrower's loan. 
Loan Qualification 
Loan Modification 
Loan Approval 
Loan Origination - ANS IS Loan Modification 
What time period must borrowers have in job history with the same employer to qualify? 
2 months 
6 months 
1 year 
2 years - ANS IS 2 years 
Unscrupulous actions carried out by a lender to entice, induce and/or assist a borrower 
in taking a mortgage that carries high fees, a high interest rate, strips the borro...
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Champions real estate finance Exam Questions with Verified Answers
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mortgage Broker - Answer- Functions as a middleman between the borrower and the lender, negotiating, selling or arranging loans to be delivered to large investors 
 
Mortgage Banker - Answer- Provide their own funds for the purpose of providing mortgage financing 
 
Correspondent Lender - Answer- Smaller in scale then mortgage bankers or brokers, these lenders typically extended loans with their own funds at their own risk 
 
Origination - Answer- The process of creating a new mortgage loan 
 
U...
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PSI NJ Real Estate Exam, PSI Practice Test|100% Verified Complete solutions|Newly Updated 2023!
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PSI NJ Real Estate Exam, PSI Practice Test|100% Verified Complete solutions|Newly Updated 2023! 
Water Rights 
The terms "littoral," "riparian," and "appropriative" refer to 
A salesperson lists a property with a contract that allows for subagency and dual 
agency. The salesperson is 
an agent to the broker and a subagent to the principal. 
Depreciation is calculated based on the 
Cost of the building only. 
When a property owner uses his home as collateral for a loan and creates a lien i...
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Notary Loan Signing Agent Definitions: Updated Guide Solution
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Borrower (Mortgagor) 
 (Ans- An individual who applies for and receives funds in the form of a loan and is obligated to repay the loan in full under the terms of the loan. 
 
Title 
 (Ans- Document that gives evidence of ownership of a property. Also indicates the rights of ownership and possession of the property. Individuals who will have legal ownership in the property are considered "on title" and will sign the mortgage and other documentation 
 
Refinancing 
(Ans- The process of paying ...
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Champions Real Estate Finance Exam (Latest 2024/ 2025 Update) 100% Correct Questions and Verified Answers| Grade A
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Champions Real Estate Finance Exam (Latest 2024/ 2025 Update) 100% Correct Questions and Verified Answers| Grade A 
 
 
Q: All residential mortgage loan originators must register with 
 
 
Answer: 
NMLSR 
National Mortgage Licensing System & Registry 
 
 
 
Q: Who is responsible for affordable housing 
 
 
Answer: 
TDHCA 
Texas Department of Housing & Community Affairs 
 
 
 
Q: Who is applicable to all federally related mortgage loans 
 
 
Answer: 
RESPA 
Real Estate Settlement Procedure Act 
 ...
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Colorado Real Estate Exam Prep/ 140 Questions and Answers
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Title Theory - lender owns, borrower has equitable title 
Hypothecation - pledging property as collateral for a loan without giving up possession 
Mortgagee - Lender 
Mortgagor - borrower 
Non Judicial foreclosure - *CO: Public trustee has power to foreclose 
1.Lender complains 2. Notice given 3. trustee sells after 125 days 
Strict foreclosure - No sale. 
Full legal title given to lender, loss of equity for borrower 
Judicial foreclosure - done through courts in *Title Theory states 
Conversion...
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Colorado Real Estate Exam Preparation:Colorado Real Estate Exam Study Guide
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Title Theory 
 (Ans- lender owns, borrower has equitable title 
 
Hypothecation 
 (Ans- pledging property as collateral for a loan without giving up possession 
 
Mortgagee 
(Ans- Lender 
 
Mortgagor 
(Ans- borrower 
 
Non Judicial foreclosure 
 (Ans- *CO: Public trustee has power to foreclose 
1.Lender complains 2. Notice given 3. trustee sells after 125 days 
 
Strict foreclosure 
 (Ans- No sale. 
Full legal title given to lender, loss of equity for borrower 
 
Judicial foreclosure 
 (Ans-...
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Loan Signing & Real Estate Definition Flash Cards rated A+
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Borrower (Mortgagor) - correct answer An individual who applies for and receives funds in the form of a loan and is obligated to repay the loan in full under the terms of the loan. 
Title - correct answer Title is the document that gives evidence of ownershipof a property. Also indicates the rights ofownership and possession of the property. Individualswho will have legal ownership in theproperty are considered "on title" and will sign themortgage and other documentation 
Refinancing - co...
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COLORADO REAL ESTATE EXAM PREP EXAM REVIEW QUESTIONS AND ANSWERS. VERIFIED.| latest update 2024/25|
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COLORADO REAL ESTATE EXAM PREP EXAM REVIEW QUESTIONS 
AND ANSWERS. VERIFIED. 
Title Theory - -lender owns, borrower has equitable title 
Hypothecation - -pledging property as collateral for a loan without giving up possession 
Mortgagee - -Lender 
Mortgagor - -borrower 
Non Judicial foreclosure - -*CO: Public trustee has power to foreclose 
1.Lender complains 2. Notice given 3. trustee sells after 125 days 
Strict foreclosure - -No sale. 
Full legal title given to lender, loss of equity for b...
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