Week One
Week Two
Week Three
Week Four
Bonus
100
HOI
What is the acronym for hazard insurance
100
Statement of Information, Survey Affidavit, Owners Affidavit
What are the three forms required by title?
100
PIW
What is the property inspection waiver, in file if appraisal is not required?
100
Per Diem
What is the daily interest amount?
100
Kileeen Stephenson and Adam Miller
What is the names of the people who work the wire desk
200
Status 2
What is the status "wet" docs are submitted to a funders queue?
200
$250
What is the max cash back allowable on a HARP/DURP loan?
200
Adding a borrower to the loan
What is a valid reason for sending the borrower a new full KIT?
200
Close Out Letter/Freeze Letter
What is required when paying off and closing a HELOC?
200
Own the property but not the land
What is a condo
300
Underwriting
What is the department that decsions the loan application?
300
Patriot Act
What is the document requested when Statement of Information is not available?
300
120 days
What is the length of time from effective date appraisal is good for?
300
Exceptions
What is the section on the title report all liens are reported?
300
Line 104
What is the line on the HUD-1 that lists the payoff amount
400
Truth In Lending
What is the document that shows the APR and cost of the loan over the life of the loan?
400
Underwriter Worksheets
What is where you find the LP/DU worksheet calculations in the efolder?
400
Signed Flood Cert and Flood Insurance
What are the two requirements if property is in a flood zone?
400
Arrears
What is the method that interest is collected on a conventional loan
400
Status 5, Status 2, Status 4 and Status 3
What is the order you should priortize your statuses
500
Investment or 2nd Home
What is the type of loan that does not have a rescission?
500
State Matrix
What is where the funder should ensure all state specific requirements are being met?
500
.125%
What is the TIL difference up or down when a re-disclosure is necessary?
500
Funding Checklist
What is the field in Encompass that transitions the file between departments
500
1000 series on HUD
What is where you find impound information on the HUD-1
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