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

7 Questions | Total Attempts: 1542

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Quiz: Do You Know About Vandyk Mortgage Corporation

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.