Freddie Guías de estudio, Notas de estudios & Resúmenes

Select all that apply. Which of the following fields can be used to search for a loan in Loan Product Advisor (LPA)? - -Property Address -AUS Transaction Number -Borrower Last name -Fannie Mae ID All The opportunity to utilize streamlined appraisal is lost if the lender fails to submit an accurate address for the subject property to Desktop Underwriter (DU). - False* What is the primary role of the GSEs, Fannie Mae and Freddie Mac? - Buy mortgages and create mortgage-backed securities ...

mortgage Broker - Answer- Functions as a middleman between the borrower and the lender, negotiating, selling or arranging loans to be delivered to large investors Mortgage Banker - Answer- Provide their own funds for the purpose of providing mortgage financing Correspondent Lender - Answer- Smaller in scale then mortgage bankers or brokers, these lenders typically extended loans with their own funds at their own risk Origination - Answer- The process of creating a new mortgage loan U...

Freddie MAC 2024 Exam Questions and Answers SDLC - Answer- Software Development Life Cycle What position you want to interview for and why? - Answer- Technology analyst Multi- dimensional including infrastructure, developer, data analytics, system analyst skills. I like how the technology analyst doesnt specifically focus on one area. The position is literally everything I have wanted because it will allow me to show/develop my IT, Business, and social skills Freddie Mac - Answer- is a go...

Freddie MAC 2024 Exam Answers SDLC - ANSWER- Software Development Life Cycle What position you want to interview for and why? - ANSWER- Technology analyst Multidimensional including infrastructure, developer, data analytics, system analyst skills. I like how the technology analyst doesnt specifically focus on one area. The position is literally everything I have wanted because it will allow me to show/develop my IT, Business, and social skills Freddie Mac - ANSWER- is a gov't sponsored ...

Champions Real Estate Finance Exam 2024 Questions and Answers (Graded A) Champions Real Estate Finance Exam 2024 Questions and Answers (Graded A) Champions Real Estate Finance Exam 2024 Questions and Answers (Graded A) Federal National Mortgage Association (FNMA) known as, Fannie Mae - ANSWER-began in 1938 as an agency of the federal government In 1968, Fannie Mae became a privately owned and managed corporation Fannie Mae operates exclusively in the secondary market and pro...

Federal National Mortgage Association (FNMA) known as, Fannie Mae - Answer-began in 1938 as an agency of the federal government In 1968, Fannie Mae became a privately owned and managed corporation Fannie Mae operates exclusively in the secondary market and provides support to mortgage lending institutions in the primary market. Freddie Mac is a federally chartered corporation established as the Federal Home Loan Mortgage Corporation (FHLMC) - Answer-in 1970 for the purpose of purchasing mortg...

Loan-to-Value Ratio (LTV) - correct answer The percentage of the lesser of the appraised value or sales price that the lender will lend. ex: If a borrower is approved for an 80% loan, it means that the lender will loan up to 80% of the sales price or appraised value, whichever is lower. Package Mortgage - correct answer Includes both real and personal property ( fixtures and furnishings) Blanket Mortgage - correct answer Covers more than one piece of property. Wraparound Mortgage - c...

Which federal law requires that the Loan Estimate be provided to the borrower within three business days of the time of loan application is taken? - ANSWER-TILA What type of scam entails homeowners who are encouraged to refinance their property over and over until little or no equity remains? - ANSWER-Loan flipping or churning After a loan closing, funds are disbursed. When are the funds disbursed for an owneroccupied, residential refinance? - ANSWER-After 3 business-day rescission period W...

Champions Real Estate Finance Exam 2024 Questions and Answers (Graded A) Champions Real Estate Finance Exam 2024 Questions and Answers (Graded A) Champions Real Estate Finance Exam 2024 Questions and Answers (Graded A) Federal National Mortgage Association (FNMA) known as, Fannie Mae - ANSWER-began in 1938 as an agency of the federal government In 1968, Fannie Mae became a privately owned and managed corporation Fannie Mae operates exclusively in the secondary market and provides support to mo...

MUS 354 Exam 1 - 2023 Exam Questions With Answers (Graded A+)