Important Days In Mortgage Loan Origination Flashcards
1
Q
Annual Continuing education
A
8 Hours
2
Q
License Education
A
20 Hours
3
Q
Hud-1 Settlement
A
24 Hours
4
Q
Funds disbursed on Residential Refinance
A
3 Days after the close of escrow
5
Q
Disclosure/GFE & TR
A
3 Days after application
6
Q
Recession on Residential Refinance
A
3 Days
7
Q
Notice of Change of Services
A
15 Days
8
Q
Wait to re-exam after failure
A
30 Days
9
Q
Escrow Month
A
30 Days
10
Q
Fico Report Dispute
A
30 Days
11
Q
Update Do-Not Call-Records
A
30 Days
12
Q
Notify Consumer of underwriting decision
A
30 Days
13
Q
Do Not Call - can call with inquiry
A
3 Month
14
Q
Break point installment payments
A
10 Months
15
Q
Wait to take an exam after 4 failings
A
180 Days
