MLO試験無料問題集「NMLS Mortgage Loan Origination (SAFE MLO) 認定」

A. His loan processor

B. All parties involved in the transaction

C. The report Is not permitted to be discussed with any parties involved in the transaction.

D. The buyer's agent

A. HUD

B. Federal Trade Commission

C. IRS

D. Conference of State Bank Supervisors

A. The addition of a prepayment penalty

B. If the APR changes within the acceptable tolerance

C. The addition of an escrow account

D. If a revision is needed to the consumer's contact Information

A. The MLO receives two copies of a consumer's pay stub via fax, and the MLO destroys one of the copies in a paper shredder.

B. The MLO stores electronic information regarding the consumer on an encrypted laptop which is occasionally removed from the office.

C. The MLO discusses a consumer's credit history with a co-worker at a local cafe.

D. The MLO provides a consumer's application to a third-party processor in order to continue the loan process.

A. A laptop should never be taken out of the office.

B. Passwords should only be shared with a direct supervisor.

C. A laptop should be shared by no more than five people.

D. A laptop should automatically shut down and require a new login if not used for a period of time.

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

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

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

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

A. The transfer of an appraisal from one lender to another

B. The transfer of a HUD case number from one lender to another

C. The transfer of the responsibility to collect payments on the loan from one lender to another

D. The transfer of the processing of a loan to an independent service provider such as a contract processing provider

A. $204,936.10

B. $204,966.10

C. $204,963.10

D. $204,693.10

A. NMLS

B. A state regulator

C. The Federal Trade Commission

D. The Conference of State Bank Supervisors

A. adopt a credit score evaluation method utilizing the middle of three repository scores and the lowest of all borrowers' scores.

B. adopt best practices for property evaluations as stipulated in the Home Valuation Code of Conduct.

C. implement a written program to detect warning signs of identity theft.

D. implement an internal watch system to prevent the misrepresentation of occupancy status

A. Semiannually

B. As often as necessary

C. Upon renewal only

D. Annually

A. borrower's gross monthly housing expense divided by the principal, interest, and appraised value.

B. eligible total monthly debt obligations for trade lines greater than 12 months multiplied by the borrower's net monthly income.D eligible total monthly debt obligations excluding the monthly housing expense divided by the borrower's net monthly income

C. eligible total monthly debt obligations, including the monthly housing expense, divided by the borrower's gross monthly income.

A. is a mortgage modification.

B. allows a loan applicant to close on a loan even if all the stipulations have not been met.

C. is a right to cross or otherwise use someone else's land for a specified purpose.

D. allows a borrower to make less than the required payments without going through a full mortgage modification.