45 Hour Post-License Chapter 12

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Across
  1. 4. Acceptable bonuses as income are ___ occurrences on a loan application
  2. 5. Qualifying the ___ has to do with assets & income
  3. 6. A title report needs ___ inspection, public records search & a property survey
  4. 8. The property ___ is the primary assurance to the lender if borrower defaults on the loan
  5. 9. The credit profile allows the most ___ for the lender's evaluation on loan underwriting
  6. 10. Researching & analyzing the ___ of property's title is one of the loan processing procedures
  7. 12. The ECOA is for ___ applicants who may have been discriminated against
  8. 15. An appraisal management company registers with
  9. 16. Florida Office of ___ Regulation oversees loan originators
  10. 17. A FICO score ___ when there is less debt
  11. 19. A ___ 2nd job is not considered income on a loan application
Down
  1. 1. The max fine (per violation) for a mortgage loan ___ or mortgage broker is $25,000
  2. 2. Payment history is the most important part of a ___ report
  3. 3. Qualifying the ___ has to do with appraisal, survey & title report
  4. 7. Payment ___ is given greatest weight for a FICO credit score
  5. 9. Employment verification checks the applicant's employment length, prognosis for cont. employment & ___
  6. 11. The credit report is reviewed by a ___ to evaluate an applicant's ability to pay
  7. 13. ALTA is a ___ policy with coverage above the standard coverage
  8. 14. A ___ payment history negatively affects a FICO score
  9. 18. Suit to quiet title to remove a cloud is done in ___