This test assesses knowledge of FHA and USDA loan processing guidelines, focusing on fees, appraisal requirements, and loan auditing protocols.
Note
Loan Estimate Final
Closing Disclosure Final
Application Final
Rate this question:
Note
Underwriting Findings
Appraisal
Closing Disclosure
Rate this question:
1.75%
1.50%
1.70%
1.65%
Rate this question:
.5%
.1%
1%
2%
Rate this question:
True
False
Rate this question:
Yes
No
Rate this question:
True
False
Rate this question:
True
False
Rate this question:
Conventional Purchase loans only
All Loans with more than 80% LTV
Conventional Loan with more than 80% LTV
Option 4
Rate this question:
True
False
Rate this question:
City Taxes
Others
Mortgage Insurance
Monthly Insurance
Rate this question:
Corr Tracking Tab
Legal Tab
Property Address Tab
Appraisal Tab
Rate this question:
True
False
Rate this question:
Streamline
Cash Out
Rate & Term
Purchase
Rate this question:
True
False
Rate this question:
True
False
Rate this question:
Automobile
Cash Deposit
Checking /Saving
Gift Fund
Rate this question:
Quiz Review Timeline (Updated): Jan 30, 2023 +
Our quizzes are rigorously reviewed, monitored and continuously updated by our expert board to maintain accuracy, relevance, and timeliness.
LRPU Process Test On FAQ And Error Markdowns
This LRPU process test focuses on evaluating handling of loan processing scenarios involving discrepancies in borrower income verification and hardship claims. It tests accuracy...
Questions:
20 |
Attempts:
136 |
Last updated:
Jul 31, 2024
|
1003: Uniform Residential Loan Application (URLA)
This quiz focuses on the Uniform Residential Loan Application (URLA), assessing knowledge on residence history verification, occupancy intentions, application dates, and loan...
Questions:
18 |
Attempts:
187 |
Last updated:
Oct 08, 2024
|
How To Post An Individual Loan
This quiz, titled 'How to Post an Individual Loan,' evaluates key competencies in loan processing. It covers the importance of accurate client and loan IDs, discerns acceptable...
Questions:
10 |
Attempts:
186 |
Last updated:
Mar 18, 2023
|
Loan Processor Quiz
Welcome to the "Loan Processor Quiz," a comprehensive and informative challenge designed specifically for current and aspiring loan processors. This quiz aims to test...
Questions:
10 |
Attempts:
5096 |
Last updated:
Apr 24, 2024
|
Novice Level Assessment Questions For Loan Processing
This assessment will help gauge your Loan Processing skill level.
Questions:
19 |
Attempts:
237 |
Last updated:
Mar 22, 2023
|
Intermediate Level Assessment Questions For Loan Processing
This assessment will help gauge your Loan Processing skill level.
Questions:
21 |
Attempts:
367 |
Last updated:
Mar 21, 2023
|
Wait!
Here's an interesting quiz for you.