The revise LE requires no justification for changes after _____ days if no intent to proceed is received.
What is 10 business days?
100
A day in which the creditor's offices are open to the public for carring on substantially all of its business.
What is the Creditors Business Day?
100
If disclosures are not provided in Person this rule is applicable.
What is the Mailbox Rule?
100
Deliver or place the Initial LE in the mail no later than...
What is the 3rd Business day after receiving the completed application?
100
Three Categories
What is Zero Variance, 10% Variance, & Charges that Can Change (Any Variance)?
200
Full name of the new Mortgage Operations Manager
Who is Mike Motzer?
200
Default Calendar when a Business Day has not been defined by the Creditor
What is the Federal Postal Calendar?
200
The 4 ways to deliver disclosures applicable to the Mailbox Rule.
What is Mail, Overnight, Electronic & Fax?
200
Revised LE due to a Change in Circumstance or Rate Lock must be provided or delivered within...
What is 3 Business Days?
200
This category is NOT based on a variance of one fee but rather the entire category
What is 10% Variance Category?
300
Charges that can Change (Minimum of 2)
What is Prepaid Interest, Property Insurance Premiums, Amount Placed in Escrow, and Fees associated with services the consumer selected (shoopped for)?
300
Used for measuring receipt of disclosures by the consumer
What is the Federal Business Day (specific) Calendar?
300
How you ignore the Mailbox Rule
What is Prove Receipt?
300
Deliver or place the Initial LE in the mail no later than the __________ business day before consummation.
What is Seventh?
300
Cannot decrease without a Rate Change
What is Lender Credits?
400
We missed that non-numeric change at closing, a revised CD must be proved within...
What is 60 days?
400
Used for measuring delivery of disclosures to the consumer
What is the Creditors Business Day?
400
The LE is delivered via mail, so the CD should be sent via
What is mail?
400
The CD must be received by the consumer no later than _________ Days before Consummation
What is 3 Precise Business?
400
Transfer Tax
What is Zero % Variance?
500
Three changes to the CD that will restart the three day waiting period prior to consummation
What is APR becomes Inaccurate, Loan Product Changed, or Prepayment Penalty is added?
500
The Four Holidays Identified as a "Specific Date" on the Federal Business Day Calendar.
What is New Years Day, Independence Day, Veterans Day & Christmas Day?
500
We cannot impose a fee to the consumer before these two things happen.
What is consumer receives the LE & indicates an intent to proceed?
500
Assumed receipt is within _______ days after delivery or mailing
What is 3 Precise Business?
500
New tool in Encompass to track fee changes between the LE & CD