A
Verbal Authorizations ae good for how long?
24 hours
If a borrower submits a written authorization, this is submitted to and reviewed by?
Cenlar's Research Team
What is the name of Cenlar's tax vendor?
Core logic
Mortgage insurance is meant to:
Protect the lender in case of any defaults on the loan.
__ __ is a policy that is required for properties located in an area that is high risk for hurricanes or tornadoes.
Wind coverage
Name a loan type
Government & Conventional loan ; fixed-rate mortgage, ARM(Adjustable rate mortgage)
Name one type of tax payment:
Annual tax, bi-semi annual, quarterly
Homeowner insurance is meant to:
Protect the borrower from any home hazards.
If a borrower is seeking to qualify for a tax exemption, they can reach out to:
The tax authority
Who is Cenlar's insurance vendor?
Assurant
Which system is used to house any documentation that is sent in by customers?
Metasource
If a borrower needs to submit a payment to ensure their taxes are paid accordingly, who can assist with this?
Corelogic
Which website allows borrowers or insurance agents to upload their homeowner’s insurance policy info?
If someone is calling in to make a claim due to damage that was done to their property, first thing we need to do is?
Provide empathy
How often is an escrow analysis performed?
Once a year
Which state is unique for letting its residents influence when tax disbursements are due?
Wisconsin
A ___ ____ is a reduction or exemption from taxes given by the government to individuals to live in a specific area.
Tax abatement
Escrow analysis take up to __ days to become effective.
60 days
There are a number of different types of tax a homeowner may have to pay, name one:
Real Estate, School, Front Foot, HOA, Water and Utility.
___ tax bills are typically associated with new construction projects/loans. They are very common in the states of : CA, NJ and PA.
Supplemental tax
Corelogic is based out of?
Irvine, CA
Cenlar does not offer optional insurance; name one type of optional insurance.
Mortgage insurance, life insurance, accidental death & dismemberment insurance and unemployment insurance.
What type of payments are not accepted by Cenlar?
Credit/Debit
What does ARM stand for?
Adjustable -rate-Mortgage
Name one of the four states that is considered an early pay state:
Michigan, Mississippi, Texas and Tennessee