Loan Quizzes & Trivia
The Department of Real Estate has the need to manage all Mortgage Loan Originator (MLO) license endorsements and this is done through the NMLS. The NMLS Quiz will help the Mortgage Originator with the tools that they need to pass...
Questions: 25 | Attempts: 12800 | Last updated: Jan 24, 2019
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Sample QuestionUnder the USA Patriot Act, which of the following is NOT obtained by a mortgage broker from a borrower for customer identification purposes?
Below is a Trivia Quiz on Uniform Residential Loan Application. If you are applying for a loan, you will be required to fill out different forms intended to convince the lender to disperse a certain amount of money to your...
Questions: 5 | Attempts: 524 | Last updated: Nov 8, 2019
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Sample QuestionWhen the LO takes an application in person and the applicant does not provide the ethnicity, race and sex information, the LO must:
Over the last week you have been introduced to Types of Student Loans, Key Players, Life Cycle of student loan and options to successfully repay student loans.
This quiz is designed to test your knowledge...
Questions: 20 | Attempts: 487 | Last updated: Aug 28, 2014
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Sample QuestionThe U.S. Department of Education makes loans through the Direct Loan Program and the ______________ Program.
This is our 3rd and final quiz for New Moon tickets! Good luck! Remember, you MUST enter your full name and phone number or email so we have a way of contacting you if you win. We will only accept your first submission!...
Questions: 19 | Attempts: 257 | Last updated: Aug 7, 2018
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Sample QuestionHow many pounds of muscle did the actor who played Jacob Black gain for his role in new moon?
Just a pre test for borrowing information. I would like to see what we as a class know and do not know. Please try your best!
Questions: 14 | Attempts: 213 | Last updated: Jan 20, 2016
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Sample QuestionWhat is credit?
Loan Questions & Answers
When is a loan application considered complete?
After choosing the best loan option which satisfies your requirement and submitting the required documents such as ID proofs, income proofs, reason to avail the loan amount and considering the credit history, the loan application will be approved.
T
What is the difference between FHA and Conventional loans?
FHA refers to the Federal Housing Authority. FHA loan is a type of loan that can be acquired more easily. It does not require a great credit score. It has a higher loan to value ratio than a conventional loan. You can also enlist the help of a co-bor
What is the difference between Grant and Loan?
Most of the time, when we receive a particular amount of money from the government, financial institutions, individuals, at times we will be required to pay the money back, and also, the money can just be given to you, and you will not need to pay it
What three items must be present in order for the appraisal to be valid when receiving a copy of the appraisal report?
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Value, pictures, conditon of property, repairs, the in a house pet
This quiz is designed to determine if you fully understand compliance issues relating to loan documentation disclosure and packaging
Questions: 10 | Attempts: 193 | Last updated: Jan 17, 2013
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Sample QuestionHow many days do you have to mail initial loan disclosure documents after taking a complete application?
This assessment will help gauge your Loan Processing skill level.
Questions: 19 | Attempts: 124 | Last updated: Jan 9, 2013
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Sample QuestionWhen creating a CIF key for a Loan, do you have to create separate records for all borrowers?
What Do You Know About Loan Repayment Module? There are different modules that are used for different loan takers, and they are determined by the level of creditworthiness that one has. Do you think you know how to choose the...
Questions: 20 | Attempts: 73 | Last updated: Nov 8, 2019
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Sample QuestionA student can change his/her repayment plan annually.
This assessment will help gauge your Loan Processing skill level.
Questions: 21 | Attempts: 59 | Last updated: Jan 9, 2013
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Sample QuestionLoans with an alternate payment schedule cannot be set up to automatically re-amortize payments.
Below is the Trivia Questions Quiz on Total and Permanent Disability Discharge. People who work on a daily basis are expected to carry out some tasks when it comes to the government, and in case of an injury that leads to...
Questions: 22 | Attempts: 47 | Last updated: Oct 21, 2019
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Sample QuestionA Perkins school employee can view a borrower's discharge status information by registering an account on www.disabilitydischarge.com.
To determine Loan Officer's skills, abilities, strengths, and weaknesses.
Questions: 5 | Attempts: 43 | Last updated: Jan 9, 2013
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Sample QuestionHello?
This quiz is to test your student loan knowledge in advance of our training. See how much you know and what you will learn in our training!
Questions: 21 | Attempts: 33 | Last updated: Feb 19, 2013
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Sample QuestionA loan was taken out in 2006 and is currently being serviced by Sallie Mae. It is a
Questions: 18 | Attempts: 25 | Last updated: Jan 6, 2014
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Sample QuestionHow long of a residence history should you verify on the 1003?
How to process an order that is a construction loan
Questions: 7 | Attempts: 22 | Last updated: Jul 30, 2011
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Sample QuestionDo you recogonize that this procedure will replace the existing work instruction and our intent is to standardize?
Here is a small quiz on Mortgages
Questions: 10 | Attempts: 21 | Last updated: Feb 22, 2013
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Sample QuestionThe Minimum Loan amount is $65,000.00
Sample Quiz
Questions: 7 | Attempts: 13 | Last updated: Oct 18, 2016
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Sample QuestionExport Express Loans have a cap of
Questions: 28 | Attempts: 10 | Last updated: Jul 15, 2014
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Sample QuestionWhich of these apprenticeships don’t exist?
Complete this quiz to receive certification to do brokered loans
Questions: 5 | Attempts: 8 | Last updated: Feb 12, 2013
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Sample QuestionWhich one of these is not one of the three scenarios you must show on your anti-steering?
This quiz tests a person's knowledge on the different library loan periods.
Questions: 5 | Attempts: 8 | Last updated: Jul 30, 2011
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Sample QuestionWhat is the typical length of Undergraduate and Courtesy Borrower loan periods?
