When you're ready to print, just click this button: Make Print-Friendly

Mortgage Processing Assesment Test

Created by Danamp

  1.  
    What is the Fannie Mae form 1003, used for?
  2.  
    Once all items have been collected to create an application, what must the creditor do
    A. B. Close the loan within 3 business days
  3.  
    You may apply & submit a loan application in
    A. writing B. all of the above C. oral form D. live conversation E. a phone call backed by a written record of the conversation
  4.  
    What constitutes an application under TRID/HMDA
    A. none of the above B. Name C. Income D. Social Security Nubmer E. Mortgage Loan Amount
Answer Key
Hide Answer Key

Mortgage Processing Assesment Test (Answer Key)

Created by Danamp

  1.  
    What is the Fannie Mae form 1003, used for?
    Loan Application
  2.  
    Once all items have been collected to create an application, what must the creditor do
    A. B. Close the loan within 3 business days
  3.  
    You may apply & submit a loan application in
    A. writing B. all of the above C. oral form D. live conversation E. a phone call backed by a written record of the conversation
  4.  
    What constitutes an application under TRID/HMDA
    A. none of the above B. Name C. Income D. Social Security Nubmer E. Mortgage Loan Amount

When you're ready to print, just click this button: Make Print-Friendly

Quick Feedback for Knowledge Mouse

Want to suggest a feature? Report a problem? Suggest a correction? Please let Knowledge Mouse know below: