January Images Quiz PKT 1

10 Questions | Total Attempts: 139
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Questions and Answers
  • 1. 
    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?
    • A. 

      Satisfactions

    • B. 

      Payoff Documents

    • C. 

      Debt Validation

    • D. 

      Settlement Statement

  • 2. 
    Classify this image.
    • A. 

      Collateral Miscellaneous

    • B. 

      Loan Documents

    • C. 

      Checklist

    • D. 

      Closing Documents

  • 3. 
    Classify this image.
    • A. 

      Loan Documents

    • B. 

      Images to be Deleted

    • C. 

      Collateral Miscellaneous

    • D. 

      Settlement Statement

  • 4. 
    Classify this image.
    • A. 

      Lock Confirmation

    • B. 

      Disclosure Documents

    • C. 

      ARM Documents

    • D. 

      ARM Rider

  • 5. 
    Classify this image.
    • A. 

      Borrower Authorization

    • B. 

      Insurance

    • C. 

      Hazard Insurance

    • D. 

      Authorization others

  • 6. 
    What is the classification of Modified Plan for Bankruptcy?
    • A. 

      Bankruptcy Miscellaneous

    • B. 

      Bankruptcy Plan

    • C. 

      Bankruptcy Amendments

    • D. 

      Bankruptcy Notifications

  • 7. 
    Classify this image.
    • A. 

      Loan Servicing Documents

    • B. 

      Shipment Info

    • C. 

      Cover Sheet

    • D. 

      Loan Documents

  • 8. 
    Classify this image.
    • A. 

      Settlement Statement

    • B. 

      Broker Documents

    • C. 

      Underwriting Documents

    • D. 

      Truth in Lending

  • 9. 
    Classify this image
    • A. 

      Attorney Correspondence

    • B. 

      Attorney Consent form

    • C. 

      Correspondence Miscellaneous

    • D. 

      Borrower correspondence

  • 10. 
    Classify this image.
    • A. 

      Privacy Policy

    • B. 

      Title Commitment

    • C. 

      Title Report

    • D. 

      Default Correspondence

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