Mlo exam review Study guides, Class notes & Summaries

MLO Exam Review Question and answers 2023/2024 verified to pass What do mortgage brokers do? - correct answer Act as intermediaries between borrowers and lenders. Which statement about Ginnie Mae is true? - correct answer Ginnie Mae guarantees mortgage-backed securities. All of the following are examples of primary market mortgage lenders except: - correct answer A federal home loan mortgage corporation. All of the following are examples of primary market mortgage lenders: - correct an...

MLO Exam Review - FACTA FCRA & GLB Act. Questions and answers. VERIFIED/ The Fair Credit Reporting Act (FCRA) provides what rights to consumers? - -The right to an adverse notice, copy of credit report being used by lender, right to dispute inaccurate information, the right to request credit score and limited prescreened offers The consumer reporting agency does not need to remove a _____, it only needs to be investigated. - -Dispute According the FCRA, what business does not have a le...

MLO Exam Review

NMLS SAFE ACT MLO Exam - Federal Law Final Review Test 2024. If a borrow is on the DO NOT CALL LIST and makes an inquiry about doing business with you in regards to a loan, when does right to contact them expire? A. 1 month B. 2 months C. 3 months D. 4 months - correct answer C. 3 months An established business relationship with a company also will be created if you make an inquiry to the company, or submit an application to it. This kind of established business relationship exists for...

What do mortgage brokers do? Correct Answer: Act as intermediaries between borrowers and lenders. Which statement about Ginnie Mae is true? Correct Answer: Ginnie Mae guarantees mortgage-backed securities. All of the following are examples of primary market mortgage lenders except: Correct Answer: A federal home loan mortgage corporation. All of the following are examples of primary market mortgage lenders: Correct Answer: Credit unions, S & L's and commercial banks. Which GSE h...

ARDMS Breast Registry Review Exam with Questions and Answers A prominent area of glandular tissue that is easily palpated. Often mistaken for a mass. ANSWER Fibrous ridge Most cancers are found either by ______ or __________. ANSWER BSE, CBE (clinical or self breast exam) Mammo will detect about ____________ % of breast cancers in women without symptoms. ANSWER 80-90 What are the two guiding standards that help ensure that mammography is safe and diagnostic? ANSWER Mammography Qualit...

Practice NMLS test - 20 Hour Safe, Exam Review Questions and answers, VERIFIED/ An application must be accompanied by fingerprints when applying for a. Licensed MLO b. Registered MLO c. not required d. required for both licensed and registered MLO - -d Quarterly mortgage call reports must be filed a. within 30 days of the end of the calendar quarter b. within 30 days of the end of the fiscal quarter c. within 45 days of the end of the calendar quarter d. within 45 days of the end...

100 QS Real Estate Exam Florida Exam Review Questions and answers, VERIFIED/ 1.Which of the following statements is true regarding a mortgage loan originator (MLO)? -A mortgage loan originator is the same as a mortgage broker. -A mortgage loan originator must have a separate license. -A mortgage loan originator makes loans. -A mortgage loan originator must have a real estate license. - -A mortgage loan originator must have a separate license. 2.A real estate appraiser's fee for prof...

NMLS Study Questions with All Correct A State mortgage regulatory agencies - Answer-- Each state has a state regulatory authority that is responsible for the supervision and enforcement of the state laws regarding the mortgage industry. -In Illinois, The Bureau of Residential Finance, Mortgage Banking is responsible for the supervision, regulation and examination Regulatory power - Answer-- Requirement of state licensing and registration. -Investigatory authority. -State regulator gra...

ARDMS Breast Registry Review Ch. 4 Exam Questions And Answers (Verified And Updated) What are the American Cancer Society's guidlines for frequency and age for self exam, clinical exam, and mammography? - answerBreast Self-Examinations (BSE) - Monthly by women of all ages. Clinical Breast Examination - Every 3 years for women 20-40, Every year for women over 40 Mammography - Baseline for women 35-40, After 40-one per year A prominent area of glandular tissue that is easily palpated. Oft...