When you're ready to print, just click this button:
Make Print-Friendly
Docs Quiz 2
Instructions:
-
Name the tool that is used for initial and final review
-
When will a bank call be attempted?
-
List out the steps in the disbursement tab
-
How many days must a Cplus/Fplus loan be open to qualify for a refinance
A. 180 days
B. 90 days
C. 120 days
D. 60 days
-
How long must a bank account be open to be used as a bulletproof jacket?
A. 90 days
B. 365 days
C. 120 days
D. 60 days
-
If disbursements do not verify 50%, application must be declined.
A. True
B. False
-
Circle all the websites used to verify phone & email
A. TLO.com
B. USPhonebook.com
C. Giact.com
D. All of the above
E. Google.com
Docs Quiz 2
(Answer Key)
Instructions:
-
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
A. 180 days
B. 90 days
C. 120 days
D. 60 days
-
How long must a bank account be open to be used as a bulletproof jacket?
A. 90 days
B. 365 days
C. 120 days
D. 60 days
-
If disbursements do not verify 50%, application must be declined.
A. True
B. False
-
Circle all the websites used to verify phone & email
A. TLO.com
B. USPhonebook.com
C. Giact.com
D. All of the above
E. Google.com