5/17/25, 11:47 AM Champions School of Real Estate - Real Estate Finance Exam QUESTIONS AND ANSWERS 2025 !! Flashcards | Quizlet
Champions School of Real Estate - Real Estate
Finance Exam QUESTIONS AND ANSWERS 2025
!!
Save
Terms in this set (97)
Sending monthly payment Servicing
statements and collecting
monthly payments,
maintaining payment
records and following up
on delinquencies.
The process of creating a Origination
new mortgage loan
The process of collecting Loan Processing
information about a
borrower in order to build
a loan file that will be used
to make an underwriting
decision
The process of Funding
transferring funds to a title
or escrow company for
disbursement
https://quizlet.com/1045025442/champions-school-of-real-estate-real-estate-finance-exam-questions-and-answers-2025-flash-cards/ 1/15
, 5/17/25, 11:47 AM Champions School of Real Estate - Real Estate Finance Exam QUESTIONS AND ANSWERS 2025 !! Flashcards | Quizlet
The process of evaluating Underwriting
a borrower's loan
application to determine
the risk involved for the
lender
When was the FHA 1934
created?
Who funds the FHA? The FHA funds itself
How long is the lifespan of 7.9 years
a $20 bill?
The interest rate that is determined by individual
What is the "prime rate?"
banks
Who provides VA home Private lenders
loans?
The USDA Single Family Section 502 Direct Loan Program
Housing Direct Home
Loan is also known as
____________
In order to qualify for 5 years
exemption from capital
gains, the property must
have been the primary
residence for two of the
previous _______________ years.
A loan with no discount Par Loan
points is known as a
_____________.
Relates to federal Fiscal Policy
government spending
Insures deposits in banks Federal Deposit Insurance Corporation
and thrift
institutions
https://quizlet.com/1045025442/champions-school-of-real-estate-real-estate-finance-exam-questions-and-answers-2025-flash-cards/ 2/15
Champions School of Real Estate - Real Estate
Finance Exam QUESTIONS AND ANSWERS 2025
!!
Save
Terms in this set (97)
Sending monthly payment Servicing
statements and collecting
monthly payments,
maintaining payment
records and following up
on delinquencies.
The process of creating a Origination
new mortgage loan
The process of collecting Loan Processing
information about a
borrower in order to build
a loan file that will be used
to make an underwriting
decision
The process of Funding
transferring funds to a title
or escrow company for
disbursement
https://quizlet.com/1045025442/champions-school-of-real-estate-real-estate-finance-exam-questions-and-answers-2025-flash-cards/ 1/15
, 5/17/25, 11:47 AM Champions School of Real Estate - Real Estate Finance Exam QUESTIONS AND ANSWERS 2025 !! Flashcards | Quizlet
The process of evaluating Underwriting
a borrower's loan
application to determine
the risk involved for the
lender
When was the FHA 1934
created?
Who funds the FHA? The FHA funds itself
How long is the lifespan of 7.9 years
a $20 bill?
The interest rate that is determined by individual
What is the "prime rate?"
banks
Who provides VA home Private lenders
loans?
The USDA Single Family Section 502 Direct Loan Program
Housing Direct Home
Loan is also known as
____________
In order to qualify for 5 years
exemption from capital
gains, the property must
have been the primary
residence for two of the
previous _______________ years.
A loan with no discount Par Loan
points is known as a
_____________.
Relates to federal Fiscal Policy
government spending
Insures deposits in banks Federal Deposit Insurance Corporation
and thrift
institutions
https://quizlet.com/1045025442/champions-school-of-real-estate-real-estate-finance-exam-questions-and-answers-2025-flash-cards/ 2/15
