RM's and GFHEA
Products and stuff
GFHEA and RM's
RM Stuff
People & Phrases
100
What fee is associated with the calcuation of 2% of the first 200k and 1% there after up to the cap of $6k
What is the Loan Origination fee
100
This is the full name of LIBOR
What is London Interbank Offered Rate
100
This program awards partners for high volume levels with improved pricing and service
What is PQP2
100
This obsequious personality graces the waiting area in the lobby at Genworth headquarters.
What is Lena Crawford
100
This term is when a subject does not want to be discussed at this time.
What is lets circle back
200
What is unique about Illinois, Utah and Kentucky
What is they are the three High Cost States?
200
Brokers and borrowers will never have to pay for a second appraisal or review by doing this.
What is Selecting a preferred AMC?
200
Brokers can expect to pay 300 bps on a Closed Loan in this situation
What is a Manufactured or Berm Home?
200
This application volume minimum must be exceeded for broker Care Managers to receive a bonus
What is 100 applications?
200
What past phrase was the commonly stated when operations didn't know the answer?
What is "Just call Adan"
300
This states high cost calculation is the total compensation paid to the originating entity of no more then 4%?
What is Kentucky
300
This novel HECM product has inspired Financial Planners to discuss Reverse Mortgage products with their borrowers.
What is the HECM Saver
300
This product was introduced to the broker wholesale rate sheet in first week of October with this net LOF payable to Genworth
What is the 4.75?
300
This team proved to have superior speed, skill and problem solving ability during the team building event.
What is the Grizzley Hunters
300
This is GFHEA new Chief Counsel
What is Tait Norton?
400
$ 15,000 cash to borrower is the minimum allowed
What is the minimum cash increase the borrowers must be receiving to qualify for a HECM to HECM refi?
400
This was the first year Genworth wrote their first Insurance Product
What is 1871?
400
This term describes the condition when the Borrower pays fees for the loan prior to the issuance of the signed and dated counseling certificate.
What is out of compliance
400
This is the minimum net worth required for TPO Third Party Originator approval
What is $50,000
400
This is a key website when determining if a Broker is a Full Eagle.
What is Neighborhood Watch
500
This fee is $50 or 1% of the Total amont, whichever is HIGHER.
What is Repair Set Aside –What percentage is used to calculate amount used?
500
Jim Novak started his career with Prudential in this Indiana City
What is Lafayette
500
This date must preceed the date of the FHA case number
What is the date written on the 1009 by the borrower?
500
Before this date Manufactured Homes are no longer acceptable.
What is January 1st, 1990
500
Who holds the Product Develpment role for the Financial Planning Channel?
What is Sandra Sinclair
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