Docs Quiz 2

Question or Hint Answer or Word

Name the tool that is used for initial and final review Manual Underwriting Tool or MUW Tool
When will a bank call be attempted? After attempts have been made to verify 50% direct pay and phone & email.
List out the steps in the disbursement tab 1. Enter balance on credit report & number of months its been open. 2. Check if re-uw required. 3. Check if Direct Pay eligible. 4. Fplus/Cplus disbursements
How many days must a Cplus/Fplus loan be open to qualify for a refinance 180 days (wrong answers: 90 days, 120 days, 60 days)
How long must a bank account be open to be used as a bulletproof jacket? 365 days (wrong answers: 90 days , 120 days , 60 days)
If disbursements do not verify 50%, application must be declined. False (wrong answers: True)
Circle all the websites used to verify phone & email All of the above (wrong answers: TLO.com, USPhonebook.com, Giact.com, Google.com)