NMLS Mortgage Loan Origination (SAFE MLO) - MLO무료 덤프문제 풀어보기

A. The lender has an affiliated business arrangement with the escrow agent.

B. The lender is not allowed to charge a fee for the preparation of the Closing Disclosure.

C. The borrower requests that the Closing Disclosure be prepared before the scheduled closing.

D. The borrower requests additional copies of the Closing Disclosure after the closing.

A. A state regulator

B. The Federal Trade Commission

C. The Conference of State Bank Supervisors

D. NMLS

A. paying it forward.

B. blockbusting.

C. fee splitting.

D. redlining.

A. Equality Act

B. Employment Non-Discrimination Act

C. Dodd-Frank

D. Fair Housing Act

A. Receiving compensation from both the borrower and the lender

B. Providing disclosures within three days of an application

C. Providing a copy of the credit application to the primary borrower

D. Presenting program options that best qualify and satisfy the consumer

A. An unlicensed assistant to a mortgage loan originator (MLO) conducts MLO activities under the authority of the MLO's unique identifier and licenses.

B. An MLO who is not licensed in a subject property's state still originates the loan under the authority of the company's license in that particular state.

C. An underwriter who is functioning as an independent contractor conducts administrative and clerical duties while working under the supervision of a licensed MLO.

D. A third-party underwriter conducts administrative and clerical duties while working under the supervision of a licensed MLO with their organization.

A. 4% interest in year 1, 5% interest in year 2 and 6% interest in years 3 through 30

B. 5% interest in years 1 and 2 and 6% interest in years 3 through 30

C. 4% interest in years 1 and 2 and 6% interest in years 3 through 30

D. 4% interest in year 1 and 6% interest in years 2 through 30

A. minimum balloon payment.

B. mandatory 30-year term.

C. fixed margin.

D. fixed interest rate.

A. Self-employed income

B. Part-time work with irregular hours

C. Commission-based W-2 income

D. Salaried W-2 position

A. The APR

B. The MLO's business address

C. The MLO's personal website

D. The number of days that the rate is available

A. 45 calendar days

B. 15 business days

C. 30 business days

D. 7 business days

A. Information on an applicant's former spouse who pays no alimony or child support to the applicant

B. Inquiries about an applicant's intentions concerning the bearing and rearing of children

C. Information on the permanent residency or immigration status of an applicant

D. Inquiries about an applicant's child support income without informing an applicant of the non- disclosure option

A. The loan amount divided by the appraised value

B. The total loan amount, plus mortgage insurance, divided by the appraised value

C. The total loan amount, plus closing costs, divided by the appraised value

D. The loan amount divided by the lesser of the appraised value or the sales price

A. Home counseling list

B. Amortization schedule

C. Service provider list

D. Loan Estimate