Test On Daily Error Markdowns

10 Questions | Total Attempts: 256

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Study Quizzes & Trivia

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Questions and Answers
  • 1. 
    Signature is not mandatory on 8879?
    • A. 

      True

    • B. 

      False

  • 2. 
    SAM denials are mandatory on all the loans which are getting denied for HAMP/NONHAMP?
    • A. 

      True

    • B. 

      False

  • 3. 
    U/W’s can accept 4506T which is altered if brw only source of income is wage income?
    • A. 

      True

    • B. 

      False

  • 4. 
    Credit report should be sent to which of the below link?
  • 5. 
    U/W’s can consider DPGDI comment for any sort of clarification for brw/Co brw?
    • A. 

      True

    • B. 

      False

  • 6. 
    U/W’s should request for 2014 tax returns even it is an ongoing application?
    • A. 

      True

    • B. 

      False

  • 7. 
    U/W’s can accept Sch-E even if tax return has not signed?
    • A. 

      True

    • B. 

      False

  • 8. 
    Signature is mandatory on P&L even if it is negative?
    • A. 

      True

    • B. 

      False

  • 9. 
    SSN on Sec 2 is not mandatory on Estate Loans?
    • A. 

      True

    • B. 

      False

  • 10. 
    U/W’s can consider passive income under 20% buffer?
    • A. 

      True

    • B. 

      False

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