Escrow
PMI
Successor In Interest
1098
Fun
100

How many months (cushion) should a client have in escrow?

What is 2 months?

100

Can you remove PMI on an FHA loan? 

Yes, after 11 years of the loan they could be eligible for removal. 

100

Once a client is deceased can the power of attorney (POA) still be in authorized? (yes or no)

What is no?

100

What page in Director 7 do you go to, to opt a client in or out of receiving a paperless 1098 statements?

What is MAS1/IRS1?

100

What is the tallest breed of dog in the world?

What is a Great Dane?

200

If a client is removing escrow how many days should there not be an upcoming disbursment? 

What is 45 Days?

200

What is the task to remove PMI?

What is PMIREQ?

200

What is the work item for the first call with the SII?


What is Lien Protection: Successor in Interest initial contact?

200

What day do we send clients there 1098 in the mail?

What is January 31st?

200

What was the first feature-length animated movie ever released? (Hint: It was a Disney Movie)

Who is Snow White and the Seven Dwarfs?

300

Within how many day after closing do the repairs need to be done for an escrow holdback?

What is 180 days?

300

If the return value comes back lower than needed to remove PMI with they get there BPO fee refunded back to them?

What is no?

300

If a client is living who can be a SII?

Who is spouse and child?

300

Why does this VA loan have PMI when the client doesn’t pay PMI?

What is VA Funding Fee?

300

The Statue of Liberty was given to the US by which country?

What is France?

400

For an escrow holdback what is the task that you would set in D7 if the repairs have been complete?

What is EHBWCP?

400

If client's LTV is at 78.3% but they closed on there loan 6 months ago, can they remove PMI?

What is Yes?

400

Once the SII is approved, if the authorization was filed with only a will, what will the transfer type be?

What is okay to receive information?

400

What is the work item if the loan did not close and a 1098 was mailled to the client?

What is YECORR?

400

What famous US festival hosted over 350,000 fans in 1969?

What is Woodstock?

500

What are the items ineligible to remove flood insurance from escrow?

What is loan was closed, modified, or assumed on or after 01/1/2016 and currently mapped in SFHA’s flood zone A, AE, or V?

500

How can you calculate the required UPB?

What is Return Value x Required LTV Percentage?

500

What are the 5 transfer types for a SII?

What is Deed, Trust, Will/Probate, Divorce, and Living trust?

500

If interest was paid by the client during the tax year what also will a client receive besides a 1098 if they completed a foreclosure?

What is a 1099-A or 1099-C?

500

What comes down but never goes up?

What is Rain?