| Questions | Answers |
|---|---|
| What is the Fannie Mae form 1003, used for? | Loan Application |
| A summary of the information on the application for the underwriter is | Transmittal Summary |
| The process of deciding wheter to make a loan based on credit, employment assets and other factors | Underwriting Decision |
| Who pays for title insurance on a purchase contract | negotiable |
| If a loan application is approved, under ECOA rules and regulations, when must a copy of the appraisal be provided to the borrower | 3 business days |
| The present cost of constructing a new substitute structure equal to the existing structure in quality and utility - but using current construction methods - materials - design and layout | Replacement cost |
| Last two years are the most important | Credit history criteria |
And here are some other online quizzes in the category 'Workplace':
ESB Vocabulary Quiz #1
Chainsaw quiz
DEFINITIONS
DEFINITIONS
DEFINITIONS
6 Dimensions of UWG's Wellness Model
Where do you transfer?
Where do you transfer?