Show:
Law
Office/Govie
Office/Conv
Office/Niche
Hodgepodge
100
Real Estate Settlement Procedures Act.
What does RESPA stand for?
100
The maximum origination charge on an FHA loan.
What is 1% of the base loan amount.
100
Government Monitoring
What must be completed on all 1003’s BUT especially when doing face to face applications?
100
84
What is the number of loans the office closed in August?
100
Closing Dates.
What cannot be moved up on a HUD repo once figures have been sent?
200
24 hours.
What is the amount of time a lender is required to provide a HUD prior to closing?
200
BAT!
What is the punishment threatened when going to branch support directly?
200
The names of our two newest support staff.
What is "Shalon" and "Rachel"?
200
3%
What is the maximum amount of the second loan provided by CHFA?
200
September 10th.
What was the original estimated completion date for our new office.
300
3 days.
How many days do you have to disclose once property has been identified.
300
Dual Entitlement
What is the term for using two COE's (Certificates of Eligibility) to purchase one property using VA financing.
300
Documents requiring loan officers signatures.
What are the 1003, TIL, Colo Disclosures?
300
27.
What is the number of employees currently employed at the DTC office?
300
Adjusted Origination.
What is the total of your net origination plus lender fees?
400
The required redisclosure a minimum of 3 days prior to closing.
What is the procedure that must occur when the APR variance is more than 1/8%?
400
The amount charged on a VA loan for the Funding Fee for subsequent use.
What is 3.3%?
400
A loan over $417,000 or that does not fall within general conventional underwriting guidelines.
What is a non-conforming loan.
400
$1000
What is the minimum amount the borrower must have invested of his / her own money in a CHFA loan?
400
April 2011.
What date does the government begin to regulate what income can be earned by loan officers?
500
The form that must be signed when there is a change in circumstance requiring redisclosures.
What is the GFE Acknowledgement.
500
The possible additional entitlement for certain loans in excess of $144,000 may be available even if the veteran has no entitlement or partial basic entitlement. However, in such cases, the lack of full entitlement may result in lenders receiving less than a 25 percent guaranty from VA. It is the lender’s responsibility to ensure they receive a sufficient amount of guaranty to satisfy secondary market requirements.
What is partial entitlement?
500
$.01
What is the minimum amount an owner occupant borrower must earn provided NOO co-borrowers income is sufficient to qualify?
500
The total $$ amount of loans closed by the DTC office in August, 2010.
What is $18,726,867?
500
Lender fees for CHFA, Govt and Conv loans.
What are the amounts: $600 , $620 and $695?