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Associate Mortgage Brokerage - Exam

This class was created by Brainscape user Backwards Cunt. Visit their profile to learn more about the creator.

By: Backwards Cunt
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Decks in this class (10)

Module 1: Overview Of The Industry
What is the concept of equity red...,
What is principal risk and where ...,
What is a fully amortized mortgage
25  cards
Module 2: Regulatory Framework
Which provinces do not have regul...,
Who is the regulatory body in nov...,
What council was established in 2...
34  cards
Module 3: Legal Overview
What is the most basic definition...,
Who is the promisor and promisee,
Usually the following two contrac...
40  cards
Module 4: Mathematics
Two math concepts that interreact...,
What is simple interest,
What is compound interest
14  cards
Module 5: Understanding The Mortgage Process
Who are the 3 parties involved in...,
What are the 5 steps in the mortg...,
Brokers should keep a separate lo...
17  cards
Module 6: Completing The Mortgage Application
What are the approval and funding...,
What are some of the basic pieces...,
No mortgage brokerage will charge...
30  cards
Module 7: Qualifying the Borrower
What is mortgage underwriting,
The process at qualifying the bor...,
What are the 5 c s of credit
24  cards
Module 8: Mortgage Products and Submitting the Application
What are the four main types of m...,
Explain what a conventional vs a ...,
Explain the difference between fu...
27  cards
Module 9: Appraisals
In the purchase of a home propert...,
What is the definition of fair ma...,
What are some of the key factors ...
17  cards
Module 10: The Closing Process
What is a commitment lender,
What does the commitment letter i...,
What are common conditions that m...
12  cards

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Associate Mortgage Brokerage - Exam

  • Class purpose General learning

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