Mortgage banker - Study guides, Class notes & Summaries
Looking for the best study guides, study notes and summaries about Mortgage banker? On this page you'll find 308 study documents about Mortgage banker.
All 308 results
Sort by
-
RMLO - Champions School of Real Estate| 109 questions with 100% correct answers
- Exam (elaborations) • 12 pages • 2023
- Available in package deal
-
- $15.99
- 2x sold
- + learn more
A market for the purchase and sale of existing mortgages designed to provide greater liquidity for selling mortgages is called the ________. 
secondary market 
 
 
 
The Federal agency established to restore Fannie Mae and Freddie Mac to a sound and solvent financial condition is _____. 
Federal Housing Finance Agency (FHFA) 
 
 
 
The ____ guarantee allows mortgage lenders to obtain a better price for their loan in the capital markets. 
Gov't. National Mortgage Association - Ginnie Mae 
 
 
 
T...
-
CHAMPIONS REAL ESTATE FINANCE GRADED A+ ALREADY PASSED 2023
- Exam (elaborations) • 22 pages • 2023 Popular
-
Available in package deal
-
- $15.39
- 2x sold
- + learn more
Loan-to-Value Ratio (LTV) - correct answer The percentage of the lesser of the appraised value or sales price that the lender will lend. 
 
ex: If a borrower is approved for an 80% loan, it means that the lender will loan up to 80% of the sales price or appraised value, whichever is lower. 
 
Package Mortgage - correct answer Includes both real and personal property ( fixtures and furnishings) 
 
Blanket Mortgage - correct answer Covers more than one piece of property. 
 
Wraparound Mortgage - c...
-
Champions real estate finance Exam Questions with Verified Answers
- Exam (elaborations) • 8 pages • 2023
-
Available in package deal
-
- $12.49
- 3x sold
- + learn more
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...
-
Champions Real Estate Finance Exam Questions and Answers 2023
- Exam (elaborations) • 4 pages • 2023
-
Available in package deal
-
- $10.69
- 13x sold
- + learn more
_____ is the consummation of a contractual real estate transaction in which all appropriate documents are signed, and the mortgage loan proceeds are disbursed by the lender. - Answer- Closing 
 
The primary determinants of real estate values are supply and _____. - Answer- Demand 
 
_____ is something of value that can be pledged as security for repayment of a loan. - Answer- Collateral 
 
Servicing includes which of the following activities? - Answer- Maintaining records of payment 
 
The monet...
-
Champions Real Estate Finance Final Exam With Correct Answers 2024
- Exam (elaborations) • 12 pages • 2024
- Available in package deal
-
- $14.99
- 1x sold
- + learn more
Champions Real Estate Finance Final 
Exam With Correct Answers 2024 
Loan-to-Value Ratio (LTV) -CORRECT ANSWER-The percentage of the lesser of the 
appraised value or sales price that the lender will lend. 
ex: If a borrower is approved for an 80% loan, it means that the lender will loan up to 
80% of the sales price or appraised value, whichever is lower. 
Package Mortgage -CORRECT ANSWER-Includes both real and personal property ( 
fixtures and furnishings) 
Blanket Mortgage -CORRECT ANSWER...
Want to regain your expenses?
-
Champions Real Estate Finance graded A+ already passed 2023
- Exam (elaborations) • 20 pages • 2023
-
Available in package deal
-
- $14.99
- 2x sold
- + learn more
Champions Real Estate Finance graded A+ already passed 2023Loan-to-Value Ratio (LTV) - correct answer The percentage of the lesser of the appraised value or sales price that the lender will lend. 
 
ex: If a borrower is approved for an 80% loan, it means that the lender will loan up to 80% of the sales price or appraised value, whichever is lower. 
 
Package Mortgage - correct answer Includes both real and personal property ( fixtures and furnishings) 
 
Blanket Mortgage - correct answer Covers ...
-
Washington Real Estate AMP Questions and Answers | Verified & Updated
- Exam (elaborations) • 44 pages • 2024
-
- $10.49
- + learn more
Chapter 1 - Loans 
Which is not correct regarding the reserve amount? 
A) the amount of money the Federal Reserve requires lenders to hold in reserve 
B) reserve amounts may be used by the lender 
C) reserves must remain in a special account 
D) reserves are regulated by the Federal Reserve - B) reserve amounts may be used by the 
lender 
Feedback: 
Correct: The reserve account helps keep the economy stable by controlling the money supply. 
Bob noticed that there was a lien recorded against his ...
-
Champions Real Estate Finance Latest Version Graded A+
- Exam (elaborations) • 33 pages • 2024
-
Available in package deal
-
- $10.49
- + learn more
Champions Real Estate Finance Latest 
 
Version Graded A+ 
 
Loan-to-Value Ratio (LTV) The percentage of the lesser of the appraised value or sales price 
that the lender will lend. 
 
ex: If a borrower is approved for an 80% loan, it means that the lender will loan up to 80% of the 
sales price or appraised value, whichever is lower. 
 
Package Mortgage Includes both real and personal property ( fixtures and furnishings) 
 
Blanket Mortgage Covers more than one piece of property. 
 
Wraparound ...
-
UST TEXAS Exam Questions with Correct Answers
- Exam (elaborations) • 44 pages • 2024
-
Available in package deal
-
- $13.29
- + learn more
UST TEXAS Exam Questions with Correct Answers 
 
The authority to regulate mortgage professionals in Texas arises from the following laws found in the Finance Code (Fin. Code): 
 
 The Residential Mortgage Loan Company Licensing and Registration Act (the RMLC), Chapter 156 
 The Mortgage Banker and Residential Mortgage Loan Originator Act (the MBRA), Chapter 157 
 The Texas Secure and Fair Enforcement for Mortgage Licensing Act of 2009 (the Act), Chapter 180 
 
Rules created to enforce those law...
-
Texas Principles of Real Estate II (2024 / 2025) Exam | Guide with Questions and Verified Answers | 100% Correct
- Exam (elaborations) • 67 pages • 2024
- Available in package deal
-
- $7.99
- + learn more
Texas Principles of Real Estate II (2024 / 2025) Exam | Guide with Questions and Verified Answers | 100% Correct Q: Principle of Contribution? Answer: A component part of a property is valued in proportion to its contribution to the value of the whole. Holds that maximum values are achieved when the improvements on a site produce the highest (net) return, commensurate with the investment. Q: Principle of Competition? Answer: Holds that profits tend to breed competition and excess profits tend to...
How much did you already spend on Stuvia? Imagine there are plenty more of you out there paying for study notes, but this time YOU are the seller. Ka-ching! Discover all about earning on Stuvia