January Images Quiz PKT 1

10 Questions | By Catherine Halcomb | Updated: Mar 20, 2022 | Attempts: 144

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1/10 Questions

Classify this image.
- Privacy Policy
- Title Commitment
- Title Report
- Default Correspondence

2.

Classify this image.
- Loan Servicing Documents
- Shipment Info
- Cover Sheet
- Loan Documents
Correct Answer

A. Loan Servicing Documents
3.

Classify this image.
- Lock Confirmation
- Disclosure Documents
- ARM Documents
- ARM Rider
Correct Answer

A. Lock Confirmation
4.

Classify this image.
- Loan Documents
- Images to be Deleted
- Collateral Miscellaneous
- Settlement Statement
Correct Answer

A. Settlement Statement
5.

Classify this image.
- Settlement Statement
- Broker Documents
- Underwriting Documents
- Truth in Lending
Correct Answer

A. Broker Documents
6.

Classify this image.
- Collateral Miscellaneous
- Loan Documents
- Checklist
- Closing Documents
Correct Answer

A. Closing Documents
7.

Classify this image.
- Borrower Authorization
- Insurance
- Hazard Insurance
- Authorization others
Correct Answer

A. Borrower Authorization
8.

Classify this image
- Attorney Correspondence
- Attorney Consent form
- Correspondence Miscellaneous
- Borrower correspondence
Correct Answer

A. Attorney Correspondence
9.

What is the classification of Modified Plan for Bankruptcy?
- Bankruptcy Miscellaneous
- Bankruptcy Plan
- Bankruptcy Amendments
- Bankruptcy Notifications
Correct Answer

A. Bankruptcy Amendments
10.

What is a document signed by a lender indicating the amount required to pay a loan balance in full and satisfy the debt; used in the settlement process to protect both the seller’s and the buyers interest?
- Satisfactions
- Payoff Documents
- Debt Validation
- Settlement Statement
Correct Answer

A. Payoff Documents