CDL
BDL
Acronyms
Knowledge
100

How many phases are there?

What is 6?

100

B.D.L.

What is Broker Direct Lending 

100

VA IRRRL

What is VA Interest Rate Reduction Refinance Loan?

100

Who do we purchase conventional loans from?

Who are Fannie Mae, Freddie Mac, and Gennie Mae?

200

Name the first phase

What is Application?

200

Skips what phase 

What is Application 

200

CFPB

What is Consumer Financial Protection Bureau?

200

How many loan products are offered?

What are 9?

300

C.D.L

What is Consumer Direct Lending?

300

Who Begins this cycle

What is a Broker?

300

LE

What is Loan Estimate?

300

What are types of loan products offered? 

What are:

VA

USDA

FHA

Conventional

400

PNMAC

What is Private National Mortgage Acceptance Company?

400

B.D.L is also referred to as

What is wholesale?

400

CD

What is Closing Disclosure?

400

Deadline for Closing Disclosure?

What is 3 days before the closing date if sent electronically? 

500

MMT

What is My Mac Team

500

How many phases in the BDL channel

What is 5?

500

TRID 

What is Tila-Respa Integrated Disclosure?

500

Deadline for the Loan Estimate

What is within 3 days of the application date? 

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