Welcome to the Knowledge Mouse Online Quiz
Processing Basics
| Questions |
Answers |
| When reviewing the initial AIR disclosure what should you be looking for? |
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| Why? |
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| When looking at the initial loan application list out what items you should be reviewing to confirm it's been completed and is correct (hint: not related to income/assets)? |
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| On Conventional loans do you have to have an access letter if the bank statement has an additional account holder that's not on our loan applicatoin? |
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| Is a Certificate of Deposit considered liquid assets? |
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| On an FHA loan do you have to source the EMD if it was given over 60 days prior to our application date? |
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| What Variances MUST be reviewed/cleared even if Fraud Guard already has a low score rating? |
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