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

문제1

The purpose of a Suspicious Activity Report (SAR) is to report known or suspected violations or suspicious activity observed by financial institutions subject to the:

A. Gramm-Leach-Bliley Act(GLBA).

B. Real Estate Settlement Procedures Act(RESPA).

C. Bank Secrecy Act (BSA).

D. Truth in Lending Act (TILA).

정답: C

설명: (DumpTOP 회원만 볼 수 있음)

문제2

Which of the following items may lenders use to verify a borrower's income for his ability to repay a mortgage?

A. A copy of a check register

B. The borrower's attestation that he expects a raise within 30 days

C. The income stated on the loan application

D. An electronic paystub

정답: D

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문제3

When a mortgage loan originator notices multiple Social Security number discrepancies within the same loan file, it is considered a red flag of:

A. pricing discrepancies.

B. mortgage fraud.

C. fair lending.

D. a forgetful borrower.

정답: B

설명: (DumpTOP 회원만 볼 수 있음)

문제4

According to the Truth in Lending Act (TILA), a dwelling includes which of the following?

A. An unimproved lot

B. An individual condominium unit

C. A six-unit apartment complex

D. A timeshare

정답: B

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문제5

According to the TILA-RESPA Integrated Disclosure rule (TRID), changed circumstances that may result in a revised Loan Estimate include which of the following situations?

A. Changes that the MLO should have known at the time the Loan Estimate was provided

B. A natural disaster in the area where the loan will close

C. The borrower receiving a salary increase

D. Market fluctuations on a locked loan

정답: B

설명: (DumpTOP 회원만 볼 수 있음)

문제6

It is acceptable for a lender to request a co-applicant in which of the following situations?

A. The co-applicant will be residing in the house with the borrower.

B. The borrower's future income is dependent on the co-applicant.

C. The co-applicant is gifting money to the borrower to make a down payment on a purchase-money mortgage

D. The borrower will not qualify for the loan on their own.

정답: D

설명: (DumpTOP 회원만 볼 수 있음)

문제7

Which of the following acts provides a state licensing and regulatory agency to investigate and examine a mortgage company?

A. SAFE Act

B. Home Ownership and Equity Protection Act (HOEPA)

C. Truth in Lending Act (TILA)

D. Real Estate Settlement Procedures Act (RESPA)

정답: A

설명: (DumpTOP 회원만 볼 수 있음)

문제8

A mortgage loan originator (MLO) is in the process of taking an application for a 30-year mortgage, and the borrowers are over 72 years old. Which of the following actions must the MLO take?

A. The MLO must inquire about the ability to repay in the event of a borrower's death.

B. The MLO must present them with a reverse mortqaqe.

C. The MLO must present them with a home equity line of credit (HELOC).

D. The MLO must complete the application and proceed as normal.

정답: D

설명: (DumpTOP 회원만 볼 수 있음)

문제9

Which of the following is an example of a non-fluctuating income source?

A. Commission-based W-2 income

B. Salaried W-2 position

C. Self-employed income

D. Part-time work with irregular hours

정답: B

설명: (DumpTOP 회원만 볼 수 있음)

문제10

Which of the following property value approaches does an appraiser use on a rental property?

A. Cost approach
B Income approach

B. Annual approach

C. Sales comparison approach

정답: B

설명: (DumpTOP 회원만 볼 수 있음)

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

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