This class was created by Brainscape user Sagivan Srikantha. Visit their profile to learn more about the creator.
- decks
- flashcards
- learners
Decks in this class (17)
Chapter 1: Market Overview
Who are the key participants in t...,
What is a mortgage brokerage what...,
What is a principal broker
63
cards
Chapter 2: Basic Mortgage Concepts
Discuss the difference between a ...,
There are two mortgages registere...,
Jonathan owns a house valued at 2...
6
cards
Chapter 3: Mortgage Repayment Plans & Options
What mortgage option allows a bor...,
Discuss the difference between ac...,
Discuss the difference between an...
10
cards
Chapter 4: Property Ownership in Ontario
Describe the differences between ...,
What does a homeowner actually ow...,
Describe the term fee simple and ...
11
cards
Chapter 5: Regulation and Legislation
T f as of january 2009 a brokerag...,
T f borrowers are entitled to the...,
T f it is a good idea for a broke...
28
cards
Chapter 6: Transaction Overview
Discuss the expectations that len...,
Discuss the expectations that bor...,
What is bps if a finder s fee is ...
5
cards
Chapter 7: Insurance in the Mortgage Industry
How has mortgage default insuranc...,
Who are the current mortgage defa...,
What is are the main benefits of ...
10
cards
Chapter 9: The Impact of Legislation and Regulations
What is a bait and switch,
What does the canadian code of ad...,
What does the mortgage brokerages...
3
cards
Chapter 11: The Initial Consultation
Describe the documentation that m...,
What documentation is typically r...,
What documentation is typically r...
10
cards
Chapter 12: Application Analysis - Borrower Documentation
Briefly describe when a mortgage ...,
Describe the information found in...,
What is a certificate of independ...
5
cards
Chapter 13: Application Analysis - Application Ratios
How do you calculate the ltv of a...,
How do you calculate the ltv of a...,
How do you use ltv to calculate t...
10
cards
Chapter 14: Application Analysis - Borrower Credit
Define the term trade line,
Discuss the items involved in cal...,
What can an individual do to incr...
10
cards
Chapter 15: Application Analysis - The Property
List the different purposes for w...,
What is the role of the appraiser...,
What organizations award designat...
9
cards
Chapter 16: Choosing A Lender
Discuss the differences between p...,
Discuss the differences between p...,
What factors can cause a borrower...
10
cards
Chapter 17: Submitting the Application and Obtaining a Commitment
List the typical items that must ...,
To how many lenders should a mort...,
Discuss the impact of funding rat...
7
cards
Chapter 18: Borrower Disclosure
One of the things that must be di...,
The nature of the relationship be...,
A brokerage fee must be disclosed...
11
cards
Chapter 19: Closing the Transaction
List the common closing costs ass...,
What might be the legal fees on a...,
Under what circumstances is hst c...
10
cards
More about
mortgage broker exam
- Class purpose General learning
Learn faster with Brainscape on your web, iPhone, or Android device. Study Sagivan Srikantha's Mortgage Broker Exam flashcards now!
How studying works.
Brainscape's adaptive web mobile flashcards system will drill you on your weaknesses, using a pattern guaranteed to help you learn more in less time.
Add your own flashcards.
Either request "Edit" access from the author, or make a copy of the class to edit as your own. And you can always create a totally new class of your own too!
What's Brainscape anyway?
Brainscape is a digital flashcards platform where you can find, create, share, and study any subject on the planet.
We use an adaptive study algorithm that is proven to help you learn faster and remember longer....
Looking for something else?
2020 Oregon Broker Real Estate Exam Prep
- 6 decks
- 354 flashcards
- 31 learners
Decks:
Oregon Real Estate Exam 1, Psi Exam Prep, Real Estate Vocabulary Exam, And more!
Cert In Mortgage
- 21 decks
- 245 flashcards
- 5 learners
Decks:
Property And Morgage Markets, Types Of Borrower, Mortgage Regulation, And more!
