Quiz: Do You Know About Vandyk Mortgage Corporation's Red Flag?

7 Questions | By VanDyk123 | Updated: Mar 20, 2022 | Attempts: 1642

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Quiz: Do You Know About Vandyk Mortgage Corporations Red Flag? - Quiz

Do You Know About Vandyk Mortgage Corporation's Red Flag? Owning a private home is the dream of almost every person, and that is why mortgage companies get thousands of applications. As a mortgage agent, how do sieve out those that will pay the mortgage an some of the red flags they show? Take this quiz and find out.

Questions and Answers

1.

Have you viewed the Company's training on "Red Flags"?
- A.
  
  Yes
- B.
  
  No
2.

If you notice that an applicant’s personal information does not match, you should ignore it and continue with the loan process.
- A.
  
  True
- B.
  
  False
3.

What information should you include when notifying the system administrator of a suspected Red Flag?
- A.
  
  The loan number of the file and a detailed explanation of the situation.
- B.
  
  Your name, branch number, and contact information.
- C.
  
  All of the above.
4.

A large number of recently established credit relationships with the customer could be considered a Red Flag.
- A.
  
  True
- B.
  
  False
5.

Which of the following is an example of a Red Flag?
- A.
  
  A notice of a credit freeze alert in response to a request for a consumer report.
- B.
  
  The customer having two different last names.
- C.
  
  The customer not showing up on time.
- D.
  
  All of the above.
6.

Which of the following is a personal identifying information item that would be considered a Red Flag?
- A.
  
  2449 Camelot Court SE address on driver’s license and 2449 Camelot Court SE address on another document.
- B.
  
  4/1/1990 DOB on birth certificate and 5/1/1990 DOB on driver’s license.
- C.
  
  SSN that is the same on all documents provided.
- D.
  
  None of the above.
7.

Who do you report Red Flags to?
- A.
  
  No one, just ignore it.
- B.
  
  The customer who raised the Red Flags.
- C.
  
  The Red Flag system administrator.