Loan origination exam 1 - Study guides, Class notes & Summaries
Looking for the best study guides, study notes and summaries about Loan origination exam 1? On this page you'll find 275 study documents about Loan origination exam 1.
All 275 results
Sort by
-
Real Estate Finance I-Champions Final Exam 2024
- Exam (elaborations) • 15 pages • 2024
-
Available in package deal
-
- $16.49
- 1x sold
- + learn more
Real Estate Finance I-Champions Final 
Exam 2024 
The minimum downpayment on a VA loan is: 
(a) 2% of the sales price 
(b) 0% of the sales price 
(c) 3.75% of the sales price 
(d) 1% of the sales price - CORRECT ANSWER-B 
_________ is the process of creating a new mortgage loan. 
(a) Origination 
(b) Funding 
(c) Underwriting 
(d) Servicing 
* - CORRECT ANSWER-A 
A veteran can have more than one VA loan: 
(a) If the prior VA loan was paid in full and the property disposed of 
(b) The prior VA l...
-
REE 4202- Exam 2 Sirmans Qs&As
- Exam (elaborations) • 11 pages • 2024 Popular
- Available in package deal
-
- $12.99
- 1x sold
- + learn more
REE 4202- Exam 2 Sirmans Qs&As 
Borrower Qualifications include: - ANS-1. determining maximum loan amount 
2. estimating settlement requirements and costs 
3. analyzing credit history 
4. calculating effective income 
5. estimating monthly housing expense 
6. assessing ability to repay mortgages and other liabilities in a timely fashion 
Credit Scoring - ANS--used to assess the creditworthiness of a borrower 
-best known company FICO (Fair Isaac and Company) 
-cutoff score for Frannie and Fr...
-
Loan Origination Exam 1 Complete Questions And Answers 2023
- Exam (elaborations) • 12 pages • 2023
-
Available in package deal
-
- $11.49
- + learn more
Loan Origination Exam 1 Complete Questions And Answers 2023
-
Aceable Agent - Principles of Real Estate II Exam Notes with complete solutions 2023
- Exam (elaborations) • 17 pages • 2023
-
- $15.49
- 1x sold
- + learn more
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...
-
FIN 537 Exam #1 Study Guide 2023-2024
- Exam (elaborations) • 34 pages • 2023
-
- $13.49
- 1x sold
- + learn more
FIN 537 Exam #1 Study Guide 
banks commercial - ANSWER-highly regulated financial institutions that deal with 
money and provide financial services; 
- deal mostly with ______ banks that accept deposits and provide loans 
intermediaries asset transactions - ANSWER-Banks are ________ between borrowers 
and savers 
- provide ______ transformation 
- provide financial ________ services 
valuable transactions - ANSWER-In ancient times, wealth was stored in the form of 
something _______ such ...
Fear of missing out? Then don’t!
-
Loan Origination Exam 1 Correct Questions and Answers.
- Exam (elaborations) • 12 pages • 2023
-
Available in package deal
-
- $15.49
- + learn more
Loan Origination Exam 1 Correct Questions and Answers.
-
Loan Origination Exam 1 with complete solution
- Exam (elaborations) • 12 pages • 2023
-
- $12.99
- + learn more
Loan Origination Exam 1 with complete solution
-
Pearson vue real estate Exam, Multiple Choice Questions And Correct Answers.
- Exam (elaborations) • 10 pages • 2024
-
- $13.98
- 1x sold
- + learn more
Pearson vue real estate Exam, Multiple Choice Questions And Correct Answers. 
 
If a licensee is paid a salary of $600 per month plus half of the office's 6% fee on all sales, what MUST the licensee's monthly sales be in order for the licensee to receive a total monthly income of $2,220? 
A. 27,000 
B. 37,000 
C. 54,000 
D. 74,000 
An agreement that restricts the use and occupancy of real estate, is part of a conveyance, and is binding on all subsequent buyers is called a(n): 
A. Agreement for...
-
Loan Origination Exam 1 | 125 Questions | 100% Correct Answers
- Exam (elaborations) • 12 pages • 2023
-
- $14.49
- + learn more
Higher-Priced Mortgage Loans (HPML) are defined as closed-end residential mortgage 
loans secured by the consumer's principal dwelling with an APR that exceed the 
average prime offer rate (APOR) for comparable transactions by: - 2.5 percentage 
points for a first lien jumbo residential mortgage loan. 
The Truth-In Lending Act requires residential mortgage loan originators to make certain 
"material disclosures" on loans subject to the Real Estate Settlement Procedures Act 
within three: - Bu...
-
The SAFE Mortgage Loan Originator National Exam Study Guide practice exam 2 with Complete Solutions
- Exam (elaborations) • 15 pages • 2024
- Available in package deal
-
- $9.99
- + learn more
The SAFE Mortgage Loan Originator 
National Exam Study Guide practice 
exam 2 with Complete Solutions 
 
1. Which of the following is NOT a loan origination activity? C. Assisting in a loan 
modification 
 
2. A unilateral contract is binding on: A. One party 
 
3. Loan originator organizations must keep compensation records for how many years? C. 
Three 
 
4. Mortgage companies must submit a residential loan origination activity report to the NMLSR 
every: B. Three months 
 
5. How many years m...
Do you wonder why so many students wear nice clothes, have money to spare and enjoy tons of free time? Well, they sell on Stuvia! Imagine your study notes being downloaded a dozen times for $15 each. Every. Single. Day. Discover all about earning on Stuvia