Closing procedures Flashcards
1
Q
“Closing costs” often include any of these things
A
- Appraisal fee
- Title Fee
- Loan origination fee
- A fee for running your credit report
- A loan origination fee
- Attorney’s fees
- Charges for any inspection
- Discount points
- Survey fee
- Title insurance
2
Q
Which of these WOULD NOT be considered standard inspection?
A
Arborist
3
Q
Escrow officer could be which of the following?
A
- bona fide employee of a title insurance agent
- a bona fide employee of an attorney
- a bona fide employee of a direct operation
