Conflict Of Interest Quiz Questions

6 Questions

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Conflict Quizzes & Trivia

Take this quiz and learn more about conflict of interest!


Questions and Answers
  • 1. 
    Any party to a mortgage loan transaction who has a direct or indirect personal, business or financial relationship results in a conflict of interest that may influence the transaction.
    • A. 

      True

    • B. 

      False

  • 2. 
    AmeriFirst prohibits employees from being directly or indirectly involved in the origination, processing, underwriting, closing and/or funding of a mortgage loan for the following types of personal relationships (check all that apply):
    • A. 

      Spouse

    • B. 

      Son/Stepson

    • C. 

      Daughter/Stepdaughter

    • D. 

      Brother or Sister

    • E. 

      Parent or mother/father-in-law

    • F. 

      Grandparent/Grandchild

  • 3. 
    AmeriFirst prohibits employees from being directly or indirectly involved in the origination, processing, underwriting, closing and/or funding for the following types of other relationships (check all that apply):
    • A. 

      Seller for borrower's purchase mortgage

    • B. 

      Holds land contract for the borrower

    • C. 

      Resides with the borrower

    • D. 

      Has a business relationship with the borrower

    • E. 

      Has a financial interest in the transaction

    • F. 

      Has any other direct or indirect interest in the transaction as it relates to the borrower

  • 4. 
    If you are unsure if a conflict of interest exists, you should:
    • A. 

      Proceed with working on the file.

    • B. 

      Contact [email protected] for assistance.

    • C. 

      Ask a co-worker for their opinion.

  • 5. 
    • A. 

      If you are assigned a file where a conflict of interest exists, you should notify the individual who assigned it to you so it can be reassigned.

    • B. 

      Loan officers and other employees interested in obtaining financing for themselves may submit their application to any licensed loan officer in the company. The loan officer must designate the file as an employee loan in the system.

    • C. 

      Employees who have a family member applying for a mortgage may not be assigned the file, but may still be involved indirectly.

    • D. 

      Loan officers are prohibited from directly or indirectly originating loans for themselves.

  • 6. 
    All employees have an affirmative responsibility to contact Human Resources if future events occur that alter the answers to the Conflict of Interest Survey completed during the hiring process. By completing the survey, employees are attesting to the accuracy of the information submitted and agree to provide updates to Human Resources if any changed circumstance require modification to the survey. Please be aware that failure to provide full and accurate responses or updates may result in disciplinary action. Please type your first and last name below to acknowledge that you have read this statement and agree to adhere to this policy.