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Mortgage Director Flashcards | StudBud
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Mortgage Director
Mortgage Director
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Test your PCL knowledge
Flashcards
15 cards
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Questions
15
Answers
1
What should I verify
FIRST
in Mortgage Data so my escrow impounds in the fee screen will calculate correctly?
First Payment Date
Rate
Product Code
LTV
2
What line-item
MUST
you complete under the Extra Data "tree"?
Status and Loan Care
Price Break and AUS
QC and Grades
Program Features
3
Where do I upload (drag and drop) my Borrower documents?
Print Forms (Library)
Extra Data
Loan Data
Imaging/Doc Management (Scanner Icon)
4
How do I ADD
or
REMOVE an Employer(s) or Asset(s) screen?
Can't be done
Double Click will Add
Ctrl + Q
Highlight and then Right-Click Add or Delete
5
On the Subject Property screen, what line-items do I need to always include so I don't see an error later?
TBD/Rental Income/ County/ State
State/ County/ Zip
State/ Occupany/ Property Type
TBD/City, State, Zip, County/ Property Type/ Occupancy
6
What Income TYPE (radio button) do you select for Social Security Income in the Employment & Income Information Screen?
PRIMARY
OTHER with a Blank Employer Name
SECOND
PREVIOUS
7
Where can I find Section of the Act?
Property Information
FHA Data
REO Screen
General Information
8
If you create a loan manually in MD, or are starting to edit a Blend PUSHED LOAN, on what screen
SHOULD
you begin?
General Information Screen
Qualification Screen
Mortgage Data Screen
Borrower Information Screen
9
On the Subject Property screen, what
new
items do I need to always include and check on the 1003?
Title Held As
Contract Conversion/Energy Improvement/Liens with Cost if applicable
Appraisal Type
Source of Downpayment
10
On a VA loan, where do I input withholdings to calculate actual residual?
On a spreadsheet
VA Data / Income Tab
Mortgage Data
My UW does it
11
Where do I place (or find) my Earnest Money Deposit?
Mortgage Data
Income
Assets
Other Assets & Liabilities
12
If my Borrower currently rents, what
3 pieces
of info should I enter in the Rental screen? (LL means Landlord)
LL Phone #/ LL Address/ Current Rent Amount
LL Name/ LL Address/ LL Fax #
LL Name/ LL Phone #/ Current Rent
LL Address/ LL Name/ LL Phone #
13
Which menu tab and icon do I select when I am ready to price or lock my loan?
Help tab and Input Icon
Rate tab and Price Icon
Services tab and Compare Icon
Analyze tab and Summary Icon
14
If your no cash-out refi is with FNMA, what Loan Purpose do you select in the Subject Property screen?
Rate / Term Refinance
Home Improvement
Limited Cash-out Refinance
Purchase
15
If my Borrower(s) have no dependents, what do I enter?
Leave it blank
Zero
I have no idea
Nothing, skip this part of the application
