General Mortgage Knowledge

Question 1

Protected Classes Under ECOA (SCORR MAP)

Answer 1

S - Sex
C - Color
O - Origin National 
R - Race
R - Religion 

M - Martial Status
A - Age
P - Public Assistance

Question 2

Protected Classes Under FHA (SCORR FH)

Answer 2

S - Sex
C - Color 
O - Origin National 
R - Race
R - Religion 

F - Family Status
H - Handicapped or disabled (HIV & AIDS)

Question 3

TRID (LE & CD) does not apply to: (HARM)

Answer 3

HELOCs
All Cash Sales
Reverse Mortgage
Mobile Homes not secured by real estate

Question 4

Initial Discosures (MWALLK)

Answer 4

M - Mortgage Servicing Disclosure (RESPA)
W - When you home is on the line (TILA)
A - AfbA (RESPA)
L - List of HUD couselors (10) (RESPA)
L - Loan Estimate (TILA)
K - Know before you owe handbook (RESPA)