Mortgage Processing Assesment Test

Created by Danamp

Question or Hint Answer or Word

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