Quiz: Do You Know About Vandyk Mortgage Corporation's Red Flag?
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.
- 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.
Back to top