최신 MLO 무료덤프 - NMLS Mortgage Loan Origination (SAFE MLO)

A. Bed and breakfast

B. Commercial real estate loan

C. Vacation home

D. Manufactured home

A. Reverse mortgage loans

B. Chattel-dwelling loans

C. Home equity lines of credit (HELOCs)

D. Second home loans

A. are currently living with their parents.

B. have no down payment.

C. are unemployed.

D. are self-employed.

A. Notify the MLO's employer and/or the mortgage lender of the discovery

B. Allow the application to be underwritten before raising any concerns

C. Take no action as the property was occupied at the time of application

D. Allow the mortgage loan processor and/or underwriter to discover this through their due diligence processes

A. Mortgage lenders control the value of the index.

B. Index rates vary as the general level of interest rates change.

C. The Federal Reserve adjusts the discount rate index.

D. The index rate is fixed for the life of the loan.

A. Preapproval letter

B. Rate lock agreement

C. Closing Disclosure

D. Loan application

A. First-time user

B. Marital status

C. Loan-to-value ratio

D. Service-connected disability

A. The residence is more than 120 miles from the work location on a refinance.

B. A recent college graduate holds a high-level position in the organization.

C. The borrower has been employed by the same company for three years.

D. The borrower lacks a history in an industry that requires specific skills.

A. Prepaid interest fee

B. Title insurance fee

C. Underwriting fee

D. Appraisal fee

A. The role of Fannie Mae, Freddie Mac and Ginnie Mae in the mortgage industry

B. The confluence of borrowers and mortgage loan originators to negotiate loan terms and complete mortgage transactions

C. The medium in which mortgages are bought and sold following origination

D. The process by which mortgages are pooled and converted to marketable securities

A. Considered an illegal kickback prohibited by the Real Estate Settlement Procedures Act (RESPA).

B. Permissible if the compensation is limited to meals or other noncash gifts.

C. Permissible if the compensation is limited to payment for the real estate agent's related business expenses.

D. Prohibited unless the client is notified and consents to the payment.

A. 60 days

B. 90 days

C. 50 days

D. 45 days

A. Flood insurance

B. Title company/escrow agent services

C. Sale of the mortgage loan on the secondary market

D. Homeowners association fees

A. Contact the consumer to get their authorization to provide documents to the regulator.

B. Redact any names and personal information before providing the documents for privacy reasons.

C. Provide the documents along with the company's explanation of what caused the complaint.

D. Send the documents by U.S. mail rather than electronically for privacy reasons.

A. Subject property is in the same neighborhood as the comparable properties.

B. Subject property address does not match the house number photographed by the appraiser.

C. Subject property and comparable properties were built by the same construction company.

D. Comparable properties are consistent with the subject property.